March 9, 2021

March 9, 2021

U.S. stocks jumped today after a drop in bond yields helped investors into the beaten-up technology sector.

 

Dow Jones finished +30 at 31,832

S&P 500 finished +54 at 3,875

NASDAQ finished +465 at 13,073

 

The 10 Year Treasury closed down 5 basis point yielding 1.54%

Oil prices closed down $1.23 ending at $63.82 a barrel.

Gold prices closed up $35.20 ending at $1,713 an ounce.

 

In the days’ stock news:

 

  • Stitch Fix closed down more than 28% after missing analysts’ revenue expectations as shipping delays and lower customer spending  ate into sales. Stitch Fix lowered its revenue forecast for the current quarter and fiscal year.
  • Dick’s Sporting Goods dropped about 6% despite the company beating Wall Street estimates on the top and bottom lines for its fourth quarter.

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