January 24, 2022

January 24, 2022

Stocks had a dramatic comeback today as investors stepped in to buy beaten up tech shares when the Nasdaq was down 4.9% earlier in the day.

 

Dow Jones finished +99 at 34,364

S&P 500 finished +12 at 4,410

NASDAQ finished +86 at 13,855

 

The 10 Year Treasury closed up 2 basis points yielding 1.77%

Oil prices closed down $1.35 ending at $83.79 a barrel.

Gold prices closed up $10.30 ending at $1,842 an ounce.

 

In the days’ stock news:

 

  • Netflix closed down 2.60% after Jefferies downgraded the stock to hold from buy and said the company may need to shift its focus to video games.
  • Wynn Resorts closed down 1% following a New York Post report that Wynn is looking to divest its online sports-betting unit for $500 million, a significant discount to the $3 billion valuation that has been floated in the past year.

 

 

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