May 24, 2021

May 24, 2021

U.S. stocks closed up today as the technology sector and shares benefiting the most from the economic reopening led the advance.

 

Dow Jones finished +186 at 34,393

S&P 500 finished +41 at 4,197

NASDAQ finished +190 at 13,661

 

The 10 Year Treasury closed down 2 basis points yielding 1.61%

Oil prices closed up $2.40 ending at $65.98 a barrel.

Gold prices closed up $6.70 ending at $1,883 an ounce.

 

In the days’ stock news:

 

  • Norwegian Cruise Line closed up more than 4% after the company announced plans to return cruising in the U.S. this summer.
  • Moderna closed up 1.6% after they announced a manufacturing agreement Saturday with a South Korean biotech company Samsung Biologics. The move will enable Moderna to provide its Covid-19 vaccine outside of the U.S. starting in the third quarter of 2021, the company said.
  • Dollar General closed down more than 4% after Bank of America downgraded the stock to underperform from neutral. The firm said in a note that Dollar General tends to underperform when gas prices are high.

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