October 13, 2020

October 13, 2020

Stocks closed negative today as congress continued to negotiate the second stimulus bill and investors considered a first batch of corporate earnings results. In economic news, job openings in August were 6.5 million, lower than the previous month.

 

Dow Jones finished -157 at 28,679

S&P 500 finished -22 at 3,511

NASDAQ finished -12 at 11,863

 

The 10 Year Treasury closed down 4 basis points yielding 0.73%

Oil prices closed up $0.81 ending at $40.24 a barrel

Gold prices closed down $31.00 ending at $1,897 an ounce

 

In the days’ stock news:

 

  • Shares of Johnson & Johnson were down over 2% after the company had to pause a clinical trial of its COVID-19 vaccine candidate due to an unexplained illness experienced by a participant in the study.
  • Disney announced a reorganization that will prioritize the delivery of streaming video content. Disney is creating content groups for sports, general entertainment & movies. Disney shares closed up over 3% today.

 

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