October 28, 2021

October 28, 2021

Stocks closed up today as strong earnings from major companies boosted the equity markets.

 

Dow Jones finished +240 at 35,730

S&P 500 finished +45 at 4,596

NASDAQ finished +212 at 15,448

 

The 10 Year Treasury closed up 5 basis points yielding 1.58%

Oil prices closed up $0.46  ending at $83.12 a barrel.

Gold prices closed up $1.20 ending at $1,800 an ounce.

 

In the days’ stock news:

 

  • Ford Motor closed up 9% after a stellar earnings report. Ford Motor reported earnings nearly doubling Wall Street’s earnings expectations and slightly beating revenue projections for the third quarter. The automaker also increased its annual guidance for the second time this year.
  • Caterpillar closed up 4.1% after it reported a third-quarter beat on bottom-line estimates despite a slight revenue miss. The heavy equipment maker recorded earnings of $2.66 per share, beating analysts’ estimates of $2.20.

 

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