November 25, 2020

November 25, 2020

Wall Street consolidated its gains today, with stocks trading flat to slightly weaker a day after major benchmarks scaled to new highs. Caution set in as investors digested weekly jobless claims that revealed a labor market that’s still struggling under the weight of the pandemic.

Dow Jones finished -174 at 29,872

S&P 500 finished -6 at 3,629

NASDAQ finished +57 at 12,094

 

The 10 Year Treasury closed even yielding 0.88%

Oil prices closed up $0.84 ending at $45.75 a barrel

Gold prices closed up $0.70 ending at $1,805 an ounce

 

In the days’ stock news:

 

  • Nikola dropped more than 12% amid ongoing concerns that Nikola’s $2 billion deal with GM will not be finalized.
  • Square rose nearly 5% after Credit Karma agreed to sell its tax business to Square for $50 million in cash. Square stock has been on fire this week, jumping more than 8% in that time period.

 

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