November 11, 2020

November 11, 2020

Stocks closed mostly up today as tech shares looked to make up some of their declines from earlier this week. Traders this week have been hopeful that drug-makers were closing in on getting approval for a vaccine.

 

Dow Jones finished -23 at 29,397

S&P 500 finished +27 at 3,572

NASDAQ finished +233 at 11,786

 

The 10 Year Treasury closed even yielding 0.96%

Oil prices closed up $0.19 ending at $41.55 a barrel

Gold prices closed down $13.70 ending at $1,862 an ounce

 

In the days’ stock news:

 

  • FuboTV closed up more than 2% on the back of quarterly revenue that beat analyst expectations. FuboTv reported sales of $61.2 million, topping an estimate of $54.3 million. The company also issued better-than-expected revenue guidance for the fourth quarter.
  • Revlon closed up more than 26% after the company announced that $236.5 million of outstanding bonds were tendered into the company’s exchange program as Revlon looks to hold off bankruptcy.

 

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