October 21, 2021

October 21, 2021

Stocks end mixed today but the S&P 500 set a new high after jobless claims dropped to a new COVID-era low.

 

Dow Jones finished -6 at 35,603

S&P 500 finished +14 at 4,549

NASDAQ finished +94 at 15,215

 

The 10 Year Treasury closed up 5 basis points yielding 1.68%

Oil prices closed down $0.78 ending at $82.64 a barrel.

Gold prices closed up $0.80 ending at $1,785 an ounce.

 

In the days’ stock news:

 

  • Tesla closed up more than 3% after it posted record earnings and revenue for the third quarter that beat expectations. The results were driven by improved gross margins on its automotive business and overall.
  • American Airlines closed up 2% after American reported a third-quarter profit thanks to federal aid. Revenue improved but was still down 25% compared with the same period in 2019, before the pandemic.

 

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