November 18, 2020

November 18, 2020

U.S. stocks fell on today as the market’s recent rally to new records took a breather. The worsening pandemic that brought on new restrictions overshadowed positive developments on the coronavirus vaccine front.

 

Dow Jones finished -345 at 29,438

S&P 500 finished -42 at 3,567

NASDAQ finished -98 at 11,801

 

The 10 Year Treasury closed even yielding 0.87%

Oil prices closed up $0.23 ending at $41.66 a barrel

Gold prices closed down $15.90 ending at $1,869 an ounce

 

In the days’ stock news:

 

  • Boeing closed down more than 3% despite having the Federal Aviation Administration lifting its ban on its 737 Max after a 20-month grounding following two deadly crashes.
  • Target closed up more than 2% after reporting blowout third-quarter earnings. Target reported adjusted earnings of $2.79 per share on revenue of $22.63 billion. Target’s curbside pickup service grew more than 500% and its home delivery service Shipt was up nearly 280%.

 

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