October 11, 2021

Stocks dropped today, with the DOW, S&P and NASDAQ all finishing in negative territory. In economic news, factory orders increased 1.2% during August, 9% more than expected.

Dow Jones -250 at 34,496

S&P 500 -30 at 4,361

NASDAQ -93 up 14,486

The 10 Year Treasury closed up 1 basis point yielding 1.61%

Oil prices closed up $1.10 ending at $80.45 a barrel

Gold prices closed down $3 ending at $1,754 an ounce

Corporate news:

Shares of Southwest Airlines declined 4% after the company cancelled more than 1,800 flights over the weekend, citing bad weather, air traffic control issues and staff shortages.

Robinhood shares opened lower after the SEC said the risks of increased regulation of cryptocurrency trading as well as possible new rules surrounding payment for order flow.

Starbucks shares opened higher after Deutsche Bank upgraded the stock, citing incredible U.S. momentum and the prospect of sustained unit growth in China.