January 11, 2022

January 11, 2022

Wall Street’s main indexes closed up today as investors weighed testimony from Federal Reserve Chair Jerome Powell.

 

Dow Jones finished +183 at 36,252

S&P 500 finished +43 at 4,713

NASDAQ finished +211 at 15,153

 

The 10 Year Treasury closed down 4 basis points yielding 1.74%

Oil prices closed up $3.18 ending at $81.41 a barrel.

Gold prices closed up $24.00 ending at $1,822 an ounce.

 

In the days’ stock news:

 

  • CVS Health closed up 1% after the company raised its full-year earnings outlook and reiterated prior guidance for 2022. CVS expects full-year 2021 earnings to be in a range of $5.87 to $5.92 per share.
  • Abercrombie & Fitch closed up almost 8% even after the retailer trimmed its holiday-quarter outlook on Monday. The company said there was strong demand from customers over the holidays but it did not have enough inventory to sell due to supply chain disruptions.

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