January 14, 2021

January 14, 2021

Stocks closed down today after the Labor Department’s weekly jobless claims report showed that initial claims spiked to the highest level since August last week.

 

Dow Jones finished -69 at 30,991

S&P 500 finished -14 at 3,795

NASDAQ finished -16 at 13,112

 

The 10 Year Treasury closed up 4 basis points yielding 1.13%

Oil prices closed up $0.69 ending at $53.60 a barrel.

Gold prices closed down $7.80 ending at $1,847 an ounce.

 

In the days’ stock news:

 

  • Nordstrom closed up 1.14% despite the holiday season sales falling 22% year over year. Digital sales made up 54% of the retailer’s total sales during the period. Following the release of the sales numbers, Telsey Advisory Group downgraded the stock to a market perform rating.
  • Poshmark — Shares of the online clothing reseller more than doubled after the company’s initial public offering, continuing a recent trend of massive pops for IPOs.

 

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