March 8, 2021

March 8, 2021

Stocks opened the week mixed, with the DOW being the only major index to finish in positive territory. In economic news, there were 4.3 million continuing jobless claims in February, slightly less than before.

 

Dow Jones +306 at 31,802

S&P 500 -21 at 3,821

NASDAQ -311 at 12,609

 

The 10 Year Treasury closed up 4 basis points yielding 1.60%

Oil prices closed down $1.38 ending at $64.71 a barrel

Gold prices closed down $19 ending at $1,679 an ounce

 

Corporate news:

  • Shares of Disney finished the day 6% higher after California officials cleared theme parks and stadiums to open in limited capacity on April 1st. this will be the first time Disneyland has been open in over a year.
  • General Electric is nearing a $30 billion deal to merge its aircraft leasing business with AerCap. General Electric shares ended the day up 5%.
  • Athene shares surged 6% higher after news that it will merge with Apollo Global in an all-stock transaction that values Athene at $11 billion.

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