October 22, 2020

October 22, 2020

Stocks closed higher today after traders continued to fixate on dimming prospects of more stimulus before the election. Third-quarter corporate earnings results rolled in mixed, and a new report weekly jobless claims came in better-than-feared.

 

Dow Jones finished +153 at 28,363

S&P 500 finished +18 at 3,453

NASDAQ finished +21 at 11,506

 

The 10 Year Treasury closed up 4 basis points yielding 0.86%

Oil prices closed up $0.63 ending at $40.66 a barrel

Gold prices closed down $22.20 ending at $1,907 an ounce

 

In the days’ stock news:

 

  • Shares of Southwest Airlines closed up over 5% after the company reported a smaller-than-expected quarterly loss and beat revenue estimates. the airline also said it would burn less cash over the next few months as booking recover.
  • Tesla shares closed up almost 1% after the auto company posted its fifth straight quarterly profit, and said it is still on track to deliver 500,000 vehicles for 2020.

Daily Updates

July 22, 2022.

Stocks ended the day lower with the DOW, S&P, and...

July 15, 2022.

Stocks ended the week higher, with the DOW, S&P and...

May 17, 2022.

U.S. stocks closed up today as the market bounced back...

Monthly Updates

Rebound Continu.

October has a bad reputation, but an 8% rally that...

Nice Rebound.

October has a bad reputation as it has been the...

Selling to a 21.

September has a well-deserved reputation as the worst month for...

Stay up to date with our newsletter