January 8, 2021

January 8, 2021

Stocks rose today as investors looked ahead to another batch of expected stimulus under a unified Democratic government, which appeared increasingly likely after the Labor Department’s December jobs report showed the economy shed jobs in December.

 

Dow Jones finished +57 at 31,097

S&P 500 finished +21 at 3,824

NASDAQ finished +134 at 13,201

 

The 10 Year Treasury closed up 4 basis points yielding 1.11%

Oil prices closed up $1.68 ending at $52.51 a barrel.

Gold prices closed down $66.40 ending at $1,847 an ounce.

 

In the days’ stock news:

 

  • CVS gained more than 1% after Jefferies upgraded CVS to buy from hold. The upgrade is based on a “belief that its role in COVID-19 vaccinations will yield near-term earnings upside.”
  • Chipotle advanced 2% after Loop Capital Markets named Chipotle a top pick for 2021. The Wall Street firm said Chipotle has “multiple levers” in place to drive outperformance.

 

 

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