June 30, 2021

June 30, 2021

Stocks finished the day mixed, with the DOW and S&P both in positive territory, while the NASDAQ dropped lower. In economic news, consumer confidence increased 7.3 to 127.3, which was higher than analysts expected.

 

Dow Jones +211 at 34,503

S&P 500 +6 at 4,297

NASDAQ -24 at 14,504

 

The 10 Year Treasury closed down 4 basis points yielding 1.44%

Oil prices closed up $0.52 ending at $73.50 a barrel

Gold prices closed up $6 ending at $1,769 an ounce

 

Corporate news:

 

  • Shares of Virgin Galactic dropped 2% after Bank of America double-downgraded the stock, noting the recent spike in the stock after the company received approval to carry passengers into space.

 

  • Bed Bath & Beyond missed earnings estimates, but did manage to beat revenue estimates, and predicts better-than-expected current quarter comparable sales and raised its full-year revenue outlook. Bed Bath and Beyond shares increased 11% today.

 

  • General Mills beat earnings and revenue expectations. However, organic net sales fell by 6% from a year ago. General Mills shares finished the day up 2%.

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