October 13, 2021

October 13, 2021

Stocks closed up today as investors digested new earnings data and a key inflation report, which showed a faster-than-expected rise in inflation across a broad range of goods.

 

Dow Jones finished even at 34,377

S&P 500 finished +13 at 4,363

NASDAQ finished +106 at 14,571

 

The 10 Year Treasury closed down 4 basis points yielding 1.54%

Oil prices closed down $0.12 ending at $80.52 a barrel.

Gold prices closed up $34.00 ending at $1,793 an ounce.

 

In the days’ stock news:

 

  • BlackRock closed up 3.9% after BlackRock beat expectations on the top and bottom lines for the third quarter. The company reported $10.95 per share on $5.05 billion in revenue, fueled by a jump in fee revenue.
  • Apple shares closed down .4% after Bloomberg reported the company would cut its iPhone production due to the chip shortage.

 

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