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%.

 

Daily Updates

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

January 14, 202.

Stocks were mostly lower today at the end of an...

January 13, 202.

U.S. stocks closed negative today as investors considered a fresh...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

Earnings are the fuel that drives the train and the...

Stay up to date with our newsletter