July 15, 2020

July 15, 2020

Stocks moved higher, continuing the momentum from yesterday, as investors become more optimistic of a coronavirus vaccine being released. In economic news, the U.S. budget deficit hit an all-time high of $864 billion in June.

 

Dow Jones +228 at 26,870

S&P 500 +29 at 3,227

NASDAQ +62 at 10,551

 

The 10 Year Treasury closed down 2 basis points yielding 0.63%

Oil prices closed up $0.71 ending at $41.00 a barrel

Gold prices closed up $1 ending at $1,814 an ounce

 

The days’ stock news:

  • Shares of Moderna increased 7% after its Covid-19 vaccine candidate produced neutralizing antibodies in all 45 patients involved in an early study. Those antibodies were like those seen in patients who have recovered from the virus.
  • Goldman Sachs helped drive the DOW higher after reporting better-than-expected earnings and revenue for its latest quarter. This was due to a strong performance in investment banking and market business.
  • Massachusetts is the latest state to file a suit against Uber and Lyft, saying the companies incorrectly classified drivers as independent contractors rather than employees, depriving them of benefits.

Daily Updates

January 19, 202.

Stocks closed up today as traders returned from a long...

January 15, 202.

Stocks dipped as traders considered details of President-elect Joe Biden’s...

January 14, 202.

Stocks closed down today after the Labor Department’s weekly jobless...

Monthly Updates

Dow 30,000.

November through January is traditionally the best time of the...

Rising COVID, F.

October has a bad reputation as it has been the...

Overdue Correct.

Technology stocks helped push the S&P 500 nearly 60% above...

Stay up to date with our newsletter