Stocks finished the day mixed, with the NASDAQ ending over 10,000 for the first time in history. In economic news, mortgage demand has risen 13% annually despite rising rates.
Dow Jones -282 at 26,990
S&P 500 -17 at 3,190
NASDAQ +67 at 10,020
The 10 Year Treasury closed down 8 basis points yielding 0.75%
Oil prices closed up $0.22 ending at $39.16 a barrel
Gold prices closed up $26 ending at $1,748 an ounce
The days’ stock news:
- Shares of AMC Entertainment moved 5% higher after the company announced it will reopen theaters globally in July with limited capacity. The company also partnered with Clorox to help keep its theaters as clean as possible.
- MGM shares dropped 7% despite announcing it will reopen more Las Vegas casinos, following strong performances for the Bellagio, MGM Grand, and New York New York after their reopening.
- Shares of Nikola, the electric truck maker, declined after a surge yesterday that sent its market value past Ford and Fiat Chrysler, even though it has not sold any vehicles. Nikola went public last week following a reverse merger with a special purpose acquisition company.