March 19, 2020

Stocks moved higher today, with every major index finishing in positive territory. In economic news, U.S. producer prices posted its biggest drop in five years.

 

Here’s a look at how the major indices finished the day:

Dow Jones +188 at 20,087

S&P 500 +11 at 2,409

NASDAQ +161 at 7,151

 

The 10 Year Treasury closed down 15 basis points yielding 1.12%

Oil prices closed up $5.30 ending at $26.13 a barrel

Gold prices closed up $3 ending at $1,481 an ounce

 

In the days’ stock news:

  • Square shares moved over 1% higher after the company announced it has won the approval of federal and state banking regulators to open its own bank in Utah, which is expected to open in 2021.
  • Best Buy said it will remain open but will shorten hour and only allow a small number of customers in a store at a time. Best Buy shares increased over 1% today.
  • JPMorgan Chase announced it will temporarily close about 1,000 branches to help protect employees and reduce the spread of the Coronavirus.
  • AbbVie’s Kaletra HIV treatment did not prove effective against the Coronavirus. AbbVie shares are down 2% this morning.