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.

 

 

Daily Updates

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

January 14, 202.

Stocks were mostly lower today at the end of an...

January 13, 202.

U.S. stocks closed negative today as investors considered a fresh...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

Earnings are the fuel that drives the train and the...

Stay up to date with our newsletter