June 19, 2020

June 19, 2020

Stocks opened higher this morning but spent the day going in and out of positive territory with the NASDAQ being the only major index to finish up. In economic news, housing starts came in lower than the expected 1.1 million.


Dow Jones -209 at 25,871

S&P 500 -18 at 3,098

NASDAQ  +3 at 9,946


The 10 Year Treasury closed flat yielding 0.70%

Oil prices closed up $0.73 ending at $39.57 a barrel

Gold prices closed up $24 ending at $1,756 an ounce


The days’ stock news:

  • Shares of Alibaba, which are up 26% since the March lows, opened higher after reporting over $98 billion in profit during 618, one of China’s biggest shopping events. However, the stock finished down over 1%.
  • After jumping 15% yesterday, Spotify’s stock increased another 3% today. This is due to the company being upgraded at Rosenblatt Securities, which raised its revenue forecasts citing the signing of podcasts deals with multiple celebrities.
  • Shares of Slack Technologies dropped 3% after being downgraded at Goldman Sachs, which cited the potential for a battle Microsoft’s Teams platform for market share.

Daily Updates

January 15, 202.

Stocks dipped as traders considered details of President-elect Joe Biden’s...

January 14, 202.

Stocks closed down today after the Labor Department’s weekly jobless...

January 13, 202.

The S&P 500 and NASDAQ rose slightly this afternoon after...

Monthly Updates

Dow 30,000.

November through January is traditionally the best time of the...

Rising COVID, F.

October has a bad reputation as it has been the...

Overdue Correct.

Technology stocks helped push the S&P 500 nearly 60% above...

Stay up to date with our newsletter