January 4, 2021

January 4, 2021

Stocks fell today in the first session of 2021 after briefly rising to touch fresh record highs earlier in the session, as concerns over a post-holiday spike in virus cases compounded with uncertainty over the outcome of the Georgia Senate runoff elections.

 

Dow Jones finished -383 at 30,223

S&P 500 finished -55 at 3,700

NASDAQ finished -190 at 12,698

 

The 10 Year Treasury closed even yielding 0.92%

Oil prices closed down $1.21 ending at $47.31 a barrel

Gold prices closed up $52.70 ending at $1,947 an ounce

 

In the days’ stock news:

 

  • McDonald’s dipped 2% after Citi initiated McDonald’s with a neutral rating. The Wall Street firm said it is concerned the burger joint will experience a “slower recovery in its international markets.”
  • Workhorse Group — The electric vehicle maker saw its stock rise more than 8% after receiving an order for 6,320 vehicles from Pride Group.

 

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