May 25, 2021

U.S. stocks wiped out earlier gains and closed negative today as the market struggled for a direction after new data on consumer confidence missed expectations.

Dow Jones finished -82 at 34,312

S&P 500 finished -9 at 4,188

NASDAQ finished -4 at 13,657

The 10 Year Treasury closed down 5 basis points yielding 1.56%

Oil prices closed down $0.25 ending at $65.80 a barrel.

Gold prices closed up $15.20 ending at $1,900 an ounce.

In the days’ stock news:

Moderna closed up more than 3% after the company said its Covid-19 vaccine is 100% effective in teens. Moderna said it plans to ask the Food and Drug Administration to expand the emergency use of its Covid vaccine for teens early next month.
Petco closed down more than 2% after the company announced a secondary stock offering of 22 million shares. The selling stockholder gave underwriters a 30-day option to purchase another 3.3 million shares. Petco will not receive any proceeds from the offering, the company said.