May 15, 2020

May 15, 2020

The markets dropped again at the open but, just like yesterday, managed to gain momentum and finish with every major index in positive territory. In Economic news, consumer sentiment was 73.7 for May, higher than the expected 65.

 

Dow Jones +60 at 23,685

S&P 500 +11 at 2,864

NASDAQ +71 at 9,015

 

The 10 Year Treasury closed up 2 basis points yielding 0.64%

Oil prices closed up $2.04 ending at $29.60 a barrel

Gold prices closed up $13 ending at $1,753 an ounce

 

In the days’ stock news:

  • com, the China-based e-commerce retailer, beat estimates for its latest quarter and saw annual active customer accounts rise 25% from a year ago and mobile active daily user increase 46%.
  • Disney reached a deal with union workers at Disney World on employee safeguards. The deal removes a significant obstacle to Disney’s reopening plans for its parks. Disney shares are up slightly this morning.
  • Nike said the pandemic-related store closures will hurt its retail and wholesale results for the first current quarter. However, the company said 100% of its Greater China stores have reopened and online sales are helping offset lost sales from store closures.
  • Aurora Cannabis reported a smaller-than-expected loss for its latest quarter, with sales of cannabis up 39% from a year ago as customers in the U.S. and Canada stockpiled products ahead of the pandemic.

Daily Updates

January 15, 202.

Stocks dipped as traders considered details of President-elect Joe Biden’s...

January 14, 202.

Stocks closed down today after the Labor Department’s weekly jobless...

January 13, 202.

The S&P 500 and NASDAQ rose slightly this afternoon after...

Monthly Updates

Dow 30,000.

November through January is traditionally the best time of the...

Rising COVID, F.

October has a bad reputation as it has been the...

Overdue Correct.

Technology stocks helped push the S&P 500 nearly 60% above...

Stay up to date with our newsletter