January 19, 2021

January 19, 2021

Stocks closed up today as traders returned from a long holiday weekend in the U.S. and eyed signs of mounting support for significant fiscal stimulus out of Washington.

 

Dow Jones finished +116 at 30,930

S&P 500 finished +31 at 3,798

NASDAQ finished +199 at 13,197

 

The 10 Year Treasury closed even yielding 1.09%

Oil prices closed up $0.65 ending at $53.01 a barrel.

Gold prices closed up $9.40 ending at $1,839 an ounce.

 

In the days’ stock news:

 

  • GameStop jumped another 11% today, following a 100% advance last week. The rally in the video game company was first triggered by news last week that Chewy co-founder and former CEO Ryan Cohen is joining the company’s board.
  • American Express jumped 3.8% today after JPMorgan issued an upbeat note on the payments company and advised investors to buy the stock. The brokerage said expectations for a rebound in consumer spending and better year-over-year revenues will likely bode well for American Express into the spring as Americans start to book travel plans and the Covid-19 vaccine is distributed.

 

 

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