July 14, 2021

July 14, 2021

Stocks finished the day mixed, with the DOW and S&P both finishing in positive territory, while the NASDAQ dropped lower. In economic news, the producer price index rose 1% during June, more than the expected 0.6% rise.

 

Dow Jones +45 at 34,933

S&P 500 +5 at 4,374

NASDAQ -33 at 14,645

 

The 10 Year Treasury closed down 6 basis point yielding 1.36%

Oil prices closed down $2.56 ending at $72.70 a barrel

Gold prices closed up $16 ending at $1,826 an ounce

 

Corporate news:

 

  • Shares of Peloton dropped 5% after Wedbush Securities downgraded the fitness equipment maker’s stock, citing consumers now have a growing number of workout alternatives, as well as the post-pandemic option of out-of-home workouts.

 

  • American Airlines expects to report a positive cash flow for the second quarter, the first time that has happened since the pandemic began. American Airlines shares increased 3% today.

 

  • Lululemon shares moved 2% higher after Goldman gave the company a buy rating, saying the post-covid period has been favorable for apparel and strong brands.

Daily Updates

May 17, 2022.

U.S. stocks closed up today as the market bounced back...

May 16, 2022.

U.S. stocks closed lower today with equities resuming a downward...

May 11, 2022.

U.S. stocks dropped sharply today as investors digested a key...

Monthly Updates

New 52 Week Low.

Coming off the month of April that saw the worst...

Worst Monthly S.

At the end of March, the S&P 500 was down...

Worst Quarter i.

After back-to-back down months to start the year, March began...

Stay up to date with our newsletter