October 29, 2020

October 29, 2020

Stocks closed up today after the three major indices suffered a beating a day earlier. Investors digested a record surge in third-quarter GDP after a historic slump earlier this year, and another weekly report on jobless claims that came in better-than-expected.

 

Dow Jones finished +139 at 26,659

S&P 500 finished +39 at 3,310

NASDAQ finished +181 at 11,185

 

The 10 Year Treasury closed up 5 basis points yielding 0.83%

Oil prices closed down $1.00 ending at $36.39 a barrel

Gold prices closed down $8.10 ending at $1,871 an ounce

 

In the days’ stock news:

 

  • Ford jumped almost 3% after the automaker posted quarterly results that blew past analysts’ expectations. Ford posted an adjusted earnings per share of 65 cents.
  • Shares of Spotify dropped more than 3% after the streaming music service reported a slightly wider-than-expected loss.

Daily Updates

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

January 14, 202.

Stocks were mostly lower today at the end of an...

January 13, 202.

U.S. stocks closed negative today as investors considered a fresh...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

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

Stay up to date with our newsletter