May 10, 2021

Stocks closed negative today, with technology stocks under more pressure as investors weighed the risks that higher inflation during the pandemic recovery might weigh on high-growth names.

Dow Jones finished -35 at 34,742

S&P 500 finished -44 at 4,188

NASDAQ finished -350 at 13,401

The 10 Year Treasury closed up 2 basis points yielding 1.60%

Oil prices closed down $0.08 ending at $64.82 a barrel.

Gold prices closed up $7.00 ending at $1,838 an ounce.

In the days’ stock news:

Marriott closed down more than 4% after the company reported a revenue miss. Marriott did beat earnings estimates, however, with an adjusted 10 cents per share for the first quarter.
Coty closed down more than 13% after Coty’s third-quarter results failed to top expectations. Coty’s reported that it broke even on an adjusted earnings per share basis and generated $1.03 billion in revenue.