March 12, 2021

March 12, 2021

Stocks traded mixed today as technology stocks came under renewed pressure. Treasury yields resumed their march higher.

 

Dow Jones finished +293 at 32,778

S&P 500 finished +4 at 3,943

NASDAQ finished -79 at 13,319

 

The 10 Year Treasury closed up 10 basis points yielding 1.63%

Oil prices closed down $0.40 ending at $65.62 a barrel.

Gold prices closed up $0.30 ending at $1,722 an ounce.

 

In the days’ stock news:

 

  • DocuSign closed down about 6% despite a fourth-quarter earnings report that beat expectations on the top and bottom lines. DocuSign reported 37 cents in adjusted earnings per share on $430.9 million in revenue.
  • Netflix closed down about 1% after it was announced it would be testing a crackdown on password sharing. A research firm has estimated that about one-third of Netflix users share their passwords.

 

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