June 10, 2021

June 10, 2021

Stocks rose today as traders digested a key print on inflation, which showed consumer prices rose faster than expected as demand surged during the recovery.

 

Dow Jones finished +20 at 34,466

S&P 500 finished +20 at 4,239

NASDAQ finished +109 at 14,020

 

The 10 Year Treasury closed down 5 basis points yielding 1.44%

Oil prices closed up $0.20 ending at $70.16 a barrel.

Gold prices closed up $5.50 ending at $1,901 an ounce.

 

In the days’ stock news:

 

  • GameStop closed down more than 27%. The company has hired two former Amazon executives to lead as CEO and CFO as the Securities and Exchange Commission is seeking information on the recent trading frenzy around it. GameStop also reported better than expected earnings Wednesday.
  • Fastly – The cloud computing company’s stock fell more than 1% after Oppenheimer downgraded it to a perform from an outperform.

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