May 6, 2021

May 6, 2021

U.S. stocks rose today as investors awaited Friday’s highly anticipated jobs report to measure the pace of the labor-market recovery.

 

Dow Jones finished +316 at 34,548

S&P 500 finished +34 at 4,201

NASDAQ finished +50 at 13,632

 

The 10 Year Treasury closed down 1 basis point yielding 1.57%

Oil prices closed down $0.80 ending at $64.83 a barrel.

Gold prices closed up $30.00 ending at $1,814 an ounce.

 

In the days’ stock news:

 

  • Kellogg closed up more than 6% after the cereal and snack food company beat expectations on the top and bottom lines for the first quarter. Kellogg earned an adjusted $1.11 per share on $3.58 billion in revenue, helped by growth internationally.
  • Etsy dropped more than 14% after the company warned of slowing user growth. The retailer did, however, beat top and bottom line estimates during the first quarter. The company earned $1.00 per share on $551 million in revenue.

 

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