November 2, 2020

November 2, 2020

Stocks closed higher today ahead of a busy week of potential market-moving events. Election Day in the U.S., a Federal Reserve meeting, the October jobs report and a slew of corporate earnings results are all on deck.

 

Dow Jones finished +423 at 26,925

S&P 500 finished +40 at 3,310

NASDAQ finished +46 at 10,957

 

The 10 Year Treasury closed even yielding 0.85%

Oil prices closed up $1.33 ending at $37.12 a barrel

Gold prices closed up $16.30 ending at $1,896 an ounce

 

In the days’ stock news:

 

  • Clorox closed up more than 4% as they reported quarterly earnings of $3.22 per share, compared to an estimate of $2.32 a share. Revenue also topped forecasts, as Clorox continued to benefit from purchases by homebound consumers amid the pandemic.
  • Dunkin’ Brands agreed to be acquired by Arby’s owner Inspire Brands for $8.8 billion in cash, or $106.50 per share. Dunkin closed up more than 6%.

 

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