October 19, 2021

October 19, 2021

Stocks closed up today as investors digested a slew of new earnings results that topped Wall Street’s expectations, suggesting more companies were able to work through ongoing supply chain challenges and still generate solid profits.

 

Dow Jones finished +199 at 35,457

S&P 500 finished +33 at 4,519

NASDAQ finished +107 at 15,129

 

The 10 Year Treasury closed up 5 basis points yielding 1.64%

Oil prices closed up $0.40 ending at $82.84 a barrel.

Gold prices closed up $4.20 ending at $1,770 an ounce.

 

In the days’ stock news:

 

  • Ulta closed down more than 10% after the company released long-term financial targets during its investor day.
  • ProShares Bitcoin Strategy ETF closed up 4.7% in its trading debut on the New York Stock Exchange today. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, not the digital currency itself. It’s the first bitcoin-linked ETF to trade in the U.S.

 

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