January 7, 2020

January 7, 2021

Stocks moved higher today with every major index finishing at all time highs. In economic news there were 787,000 jobless claims last week, lower than the expected 815,000.

 

Dow Jones +212 at 31,041

S&P 500 +56 at 3,804

NASDAQ +327 at 13,067

 

The 10 Year Treasury closed up 3 basis points yielding 1.07%

Oil prices closed up $0.37 ending at $50.94 a barrel

Gold prices closed up $9 ending at $1,916 an ounce

 

Corporate news:

  • Shares of Walgreens increased 5% after the company beat earnings and revenue estimates. Walgreens also said despite a challenging environment for its business it will maintain its prior fiscal 2021 forecast.
  • Nvidia was added to Citi’s “catalyst watch” list, with Citi expecting Nvidia shares to emerge from recent underperformance coming out of next week’s consumer electronics show. Nvidia shares moved 6% higher today.
  • Baidu has chosen Goldman Sachs and CLSA for its planned Hong Kong listing. The offering by the China-based search engine could raise at least $3.5 billion.

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