May 21, 2021

May 21, 2021

Stocks were mixed today as investors debated whether the strengthening economy was enough to offset soaring prices.

 

Dow Jones finished +124 at 34,207

S&P 500 finished -3 at 4,155

NASDAQ finished -65 at 13,470

 

The 10 Year Treasury closed down 1 basis point yielding 1.62%

Oil prices closed up $1.92 ending at $63.86 a barrel.

Gold prices closed down $1.40 ending at $1,880 an ounce.

 

In the days’ stock news:

 

  • Deere closed up 1.4% after beating on the top and bottom lines of its quarterly results. Deere reported earnings of $5.68 per share on revenue of $11 billion.
  • Boeing closed up more than 3% it was reported the aircraft manufacturer discussed increasing 737 MAX output to as many as 42 jets per month by late 2022. The news comes as Boeing seeks to recuperate from safety issues and the Covid pandemic.

 

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