June 8, 2021

June 8, 2021

Stocks closed mixed again today as traders weighed a stronger economic backdrop against prospects of higher inflation.

 

Dow Jones finished -31 at 34.599

S&P 500 finished +1 at 4,227

NASDAQ finished +43 at 13,924

 

The 10 Year Treasury closed down 4 basis points yielding 1.53%

Oil prices closed up $0.97 ending at $70.20  a barrel.

Gold prices closed down $3.10 ending at $1,895 an ounce.

 

In the days’ stock news:

 

  • Stitch Fix closed up 14% after the online styling service reported better-than-expected fiscal third-quarter results. The company posted a loss of 18 cents per share, compared to the projected 27 cents loss per share.
  • Marvell Technology closed up more than 5% after Marvell beat estimates on the top and bottom lines for its first-quarter report.

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