May 18, 2020

May 18, 2020

Stocks moved higher to begin the week as hopes of a successful coronavirus vaccine are gaining. In Economic news, the homebuilder sentiment bounced back in May, after a record plunge in April.

 

Dow Jones +912 at 24,597

S&P 500 +90 at 2,954

NASDAQ +220 at 9,235

 

The 10 Year Treasury closed up 10 basis points yielding 0.74%

Oil prices closed up $3.01 ending at $32.44 a barrel

Gold prices closed down $22 ending at $1,734 an ounce

 

In the days’ stock news:

  • Moderna shares hit record highs after the biotech company announced positive interim data from a phase 1 study of its COVID-19 vaccine. The company said its treatment was generally safe and well-tolerated across three different dose levels.
  • Uber and Grubhub continued merger talk over the weekend that would combine the two delivery services. Grubhub rejected Uber’s most recent offer saying it was too low.
  • Alphabet’s Google unit will be the target of likely antitrust lawsuits from the Justice Department and state attorneys general. The suits will focus on Google’s dominance in both the advertising business and in online search.
  • Tesla has zeroed in on two locations in Texas and Oklahoma as possible sites for a new factory. Tesla shares increased 2% today.

Daily Updates

July 22, 2022.

Stocks ended the day lower with the DOW, S&P, and...

July 15, 2022.

Stocks ended the week higher, with the DOW, S&P and...

May 17, 2022.

U.S. stocks closed up today as the market bounced back...

Monthly Updates

Rebound Continu.

October has a bad reputation, but an 8% rally that...

Nice Rebound.

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

Selling to a 21.

September has a well-deserved reputation as the worst month for...

Stay up to date with our newsletter