October 22, 2021

October 22, 2021

Stocks pulled back from records today as investors digested new commentary on asset-purchase tapering and inflation from Federal Reserve Chair Jerome Powell.

 

Dow Jones finished +74 at 35,677

S&P 500 finished -5 at 4,544

NASDAQ finished -126 at 15,090

 

The 10 Year Treasury closed down 3 basis points yielding 1.64%

Oil prices closed up $1.50 ending at $84.00 a barrel.

Gold prices closed up $13.00 ending at $1,795 an ounce.

 

In the days’ stock news:

 

  • Snap closed down more than 26% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media company said its advertising business declined due to Apple’s privacy changes.
  • Shares of Digital World Acquisition Corp the SPAC that is taking former President Donald Trump’s planned social media platform public, soared again in roller-coaster trading. It closed up 107%.

 

Daily Updates

November 24, 20.

U.S. stocks pushed modestly higher today as the recent jump...

November 23, 20.

The Nasdaq fell for the second-straight day as higher interest...

November 22, 20.

Stocks fell in afternoon trading today, reversing an earlier rally...

Monthly Updates

Best Month of t.

Earnings are the fuel that drives the train and the...

End of the Winn.

Over the past few months, we have been pointing out...

7 Month Winning.

The S&P 500 was on a 6-month 18% winning streak...

Stay up to date with our newsletter