June 11, 2021

June 11, 2021

Stocks closed positive today as investors looked beyond a stronger-than-expected print on inflation.

 

Dow Jones finished +13 at 34,479

S&P 500 finished +8 at 4,247

NASDAQ finished +49 at 14,069

 

The 10 Year Treasury closed even yielding 1.45%

Oil prices closed up $0.50 ending at $70.79 a barrel.

Gold prices closed down $17.80 ending at $1,878 an ounce.

 

In the days’ stock news:

 

  • Snowflake closed down more than 3%. The firm presented its financial targets at its investor day meeting on Thursday, aiming to reach $10 billion in annual product revenue by 2029, compared to $554 million in its fiscal year that ended in January.
  • Chewy fell more than 5% despite earning an adjusted 9 cents per share for its latest quarter, compared to consensus forecasts for a 3 cents per share loss.

 

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