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.