October 1, 2021

October 1, 2021

U.S. stocks closed up today as news of a new oral treatment for Covid-19 boosted shares of companies tied to the economic recovery.

 

Dow Jones finished +483 at 34,326

S&P 500 finished +50 at 4,357

NASDAQ finished +118 at 14,566

 

The 10 Year Treasury closed down 6 basis points yielding 1.47%

Oil prices closed up $0.72 ending at $75.75 a barrel.

Gold prices closed up $3.30 ending at $1,760 an ounce.

 

In the days’ stock news:

 

  • Zoom and Five9 terminated what would have been a $14.7 billion deal. Five9 shareholders rejected the proposed acquisition by Zoom. Zoom shares gained 2.3% and Five9 shares rose 4.7%.
  • Disney closed up 4% on news that Disney and Scarlett Johansson settled a lawsuit involving the “Black Widow” movie. Johansson had sued Disney over the release of the movie on the Disney+ streaming service at the same time it was debuting in theaters.

 

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