January 28, 2021

January 28, 2021

Stocks moved higher today, with every major index finishing in positive territory. In economic news, there were 847,000 jobless claims last week, less than the expected 875,000.

 

Dow Jones +301 at 30,603

S&P 500 +37 at 3,787

NASDAQ +67 at 13,337

 

The 10 Year Treasury closed up 4 basis points yielding 1.06%

Oil prices closed down $0.54 ending at $52.31 a barrel

Gold prices closed down $3 ending at $1,842 an ounce

 

Corporate news:

  • Shares of American Airlines finished up 9% after reporting better-than-expected 4th quarter earnings and revenue numbers.
  • Tesla missed earnings estimates for its latest quarter. However, the company did beat revenue expectations. Shares dropped 3% after Tesla failed to provide a clear vehicle delivery target for 2021.
  • Toyota overtook Volkswagen in 2020 to reclaim the #1 spot in global car sales for the first time in 5 years, selling over 9.5 million vehicles.

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