January 22, 2021

January 22, 2021

Stocks traded lower today, pulling back from record highs as COVID-19 concerns resurged and questions over whether more substantial stimulus would be passed in the near-term arose.

 

Dow Jones finished -179 at 30,996

S&P 500 finished -12 at 3,841

NASDAQ finished +12 at 13,543

 

The 10 Year Treasury closed down 2 basis points yielding 1.08%

Oil prices closed down $0.99 ending at $52.14 a barrel.

Gold prices closed down $11.90 ending at $1,854 an ounce.

 

In the days’ stock news:

 

  • IBM fell more than 9% following its earnings report that showed a decline in revenue larger than analysts expected. IBM made $20.37 billion in revenue in the fourth quarter, missing estimates of $20.67 billion,
  • Ford is recalling 3 million vehicles for an airbag-related issue, including 2.7 million in the United States. The recall involves airbag inflators that could potentially rupture. The recall will cost Ford $610 million.

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