March 31, 2021

March 31, 2021

U.S. stocks rose today led by technology shares as investors weighed the potential impact from President Joe Biden’s infrastructure spending plan.

 

Dow Jones finished -86 at 32,981

S&P 500 finished +14 at 3,972

NASDAQ finished +201 at 13,246

 

The 10 Year Treasury closed up 1 basis point yielding 1.73%

Oil prices closed down $1.24 ending at $59.31 a barrel.

Gold prices closed up $22.00 ending at $1,708 an ounce.

 

In the days’ stock news:

 

  • Walgreens closed up more than 3% after beating expectations for its quarterly earnings. Walgreens earned $1.40 per share and Walgreens also said it has administered 8 million Covid-19 vaccines so far and hiked its 2021 profit forecast.
  • Chewy jumped more than 5% after the company reported a surprise profit fir its latest quarter. Chewy reported earnings of of 5 cents per share, compared to expectations of a 10 cents per share loss, according to Refinitiv.

 

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