May 3, 2021

May 3, 2021

U.S. stocks closed up today for the first trading day of May, as shares tied to the economic reopening continued to rise.

 

Dow Jones finished +238 at 34,113

S&P 500 finished +11 at 4,192

NASDAQ finished -68 at 13,895

 

The 10 Year Treasury closed down 3 basis points yielding 1.60%

Oil prices closed up $0.84 ending at $64.42 a barrel.

Gold prices closed up $24.00 ending at $1,791  an ounce.

 

In the days’ stock news:

 

  • Estee Lauder closed down more than 7% after missing analysts’ revenue estimates for the first quarter. Estee Lauder reported earnings per share of $1.62 on revenue of $3.86 billion
  • Verizon closed up 0.24% after they said it will sell its media group to private equity firm Apollo Global Management for $5 billion. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo.

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