July 2, 2020

July 2, 2020

Stocks increased today, with every major index finishing up about a half of percent. This was due to a record jobs gain of 4.8 million in June, which beat the estimates of 2.9 million and brought unemployment down to 11.1%.

 

Dow Jones +92 at 25,827

S&P 500 +14 at 3,130

NASDAQ +53 at 10,208

 

The 10 Year Treasury closed down 1 basis point yielding 0.67%

Oil prices closed up $0.42 ending at $40.24 a barrel

Gold prices closed up $9 ending at $1,789 an ounce

 

The days’ stock news:

  • Shares of Tesla moved 8% higher after the automaker delivered 90,650 vehicles during the second quarter, beating the estimates of 72,000.
  • JetBlue shares increased slightly after the airline reached a deal with its pilots’ union that will avoid involuntary furloughs until May 2021.
  • PG&E announced it has exited bankruptcy protection, following the utility’s implementation of a financial restructuring plan approved by a judge and California state regulators

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