January 27, 2022

January 27, 2022

Stocks closed down today as investors mulled over an update from the Federal Reserve, the latest GDP report and corporate earnings.

 

Dow Jones finished -7 at 34,160

S&P 500 finished -23 at 4,326

NASDAQ finished -189 at 13,352

 

The 10 Year Treasury closed down 4 basis points yielding 1.81%

Oil prices closed down $0.34 ending at $87.01 a barrel.

Gold prices closed down $35.50 ending at $1,794 an ounce.

 

In the days’ stock news:

 

  • Intel closed down 7% despite Intel’s reporting better-than-expected fourth-quarter earnings and delivering upbeat guidance.
  • Tesla closed down more than 11% despite Tesla’s beating estimates on the top and bottom lines for the fourth quarter. The company warned that supply chain issues might limit production in 2022 and announced that it would debut no new models this year.

 

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