November 2, 2021

November 2, 2021

Stocks closed up today ahead of a key Federal Reserve decision and as strong corporate earnings gave investors confidence in a year-end rally.

 

Dow Jones finished +139 at 36,052

S&P 500 finished +17 at 4,630

NASDAQ finished +54 at 15,649

 

The 10 Year Treasury closed down 3 basis points yielding 1.54%

Oil prices closed down $0.55  ending at $83.50 a barrel.

Gold prices closed down $6.60 ending at $1,789 an ounce.

 

In the days’ stock news:

 

  • Pfizer closed up 4.2% today after beating on the top and bottom lines of its quarterly results. Pfizer also raised its 2021 revenue and EPS outlook.
  • Estee Lauder closed up 4.1% after the company’s quarterly results beat Wall Street forecasts. Estee Lauder reported adjusted diluted per-share earnings of $1.89 for the quarter, compared to a $1.70 per share consensus estimate.

 

 

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