January 29, 2021

January 29, 2021

U.S. stocks fell sharply today as heightened speculative trading by retail investors continued to worry the market.

 

Dow Jones finished -621 at 29,982

S&P 500 finished -73 at 3,714

NASDAQ finished -266 at 13,070

 

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

Oil prices closed down $0.11 ending at $52.23 a barrel.

Gold prices closed up $8.40 ending at $1,846 an ounce.

 

In the days’ stock news:

 

  • Shares of the drugmaker Johnson & Johnson closed down more than 3% after phase three trial data showed that the company’s Covid-19 vaccine was 72% effective in the U.S. but less effective in other regions, including South Africa.
  • Chevron closed down more than 4% after it missed analyst expectations on the top and bottom line during the fourth quarter.

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