June 14, 2021

June 14, 2021

Stocks closed the day mixed, with the S&P and NASDAQ both in positive territory. In economic news, there were 3.5 million continuous jobless claims last week, which was down slightly from the previous week.

 

Dow Jones -86 at 34,394

S&P 500 +8 at 4,255

NASDAQ +105 at 12,174

 

The 10 Year Treasury closed up 4 basis points yielding 1.50%

Oil prices closed up $0.10 ending at $71.01 a barrel

Gold prices closed down $13 ending at $1,864 an ounce

 

Corporate news:

 

  • Shares of Novavax closed down despite the company saying its Covid-19 vaccine proved 90% effective in a late-stage trial, and 93% effective against the most predominant variants of the virus.

 

  • Raymond James upgraded Chipotle, predicting that recent menu price increases would push second-half profit well beyond consensus forecasts. Chipotle shares moved 2% higher.

 

  • Qualcomm is prepared to invest in UK chipmaker Arm if its $40 billion deal to be acquired by Nvidia is blocked by regulators. Qualcomm shares increased 2% today.

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