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.

 

Daily Updates

January 24, 202.

Stocks had a dramatic comeback today as investors stepped in...

January 21, 202.

Stocks closed down today with investors rotating further away from...

January 18, 202.

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

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