January 15, 2021

January 15, 2021

Stocks dipped as traders considered details of President-elect Joe Biden’s newly unveiled stimulus proposal and absorbed new data showing U.S. retail sales unexpectedly falling for a third straight month in December.

 

Dow Jones finished -177 at 30,814

S&P 500 finished -28 at 3,768

NASDAQ finished -114 at 12,998

 

The 10 Year Treasury closed down 3 basis points yielding 1.09%

Oil prices closed down $1.42 ending at $52.15 a barrel.

Gold prices closed down $25.10 ending at $1,826 an ounce.

 

In the days’ stock news:

 

  • Poshmark dropped more than 18%, reversing course after a red hot debut on Thursday. The stock still closed almost 100% higher than its IPO price of $42 per share.
  • Petco closed down more than 5% after its IPO surge in the previous session. The stock soared 63% in its market debut on Thursday as investors remained bullish on the pandemic-fueled pet boom.

 

Daily Updates

March 5, 2021.

U.S. stocks reversed from a sharp sell-off and closed higher...

March 4, 2021.

Stocks fell sharply today after Federal Reserve Chair Powell failed...

March 3, 2021.

Tech stocks dragged down the S&P 500 today along with...

Monthly Updates

Vaccines and St.

February is historically the only month of the year with...

Profit Taking.

January is traditionally one of the best months of the...

Dow 30,000.

November through January is traditionally the best time of the...

Stay up to date with our newsletter