October 4, 2021

October 4, 2021

Stocks closed down today giving back some of Friday’s gains as concerns over supply chain challenges, inflation and the pace of the labor market’s recovery.

 

Dow Jones finished -324 at 34,002

S&P 500 finished -57 at 4,300

NASDAQ finished -311 at 14,255

 

The 10 Year Treasury closed up 2 basis points yielding 1.49%

Oil prices closed up $1.72 ending at $77.60 a barrel.

Gold prices closed up $10.00 ending at $1,768 an ounce.

 

In the days’ stock news:

 

  • Ford Motor closed up 1% after sales showed signs of improvement during the third quarter. Sales improved from losses of more than 30% in July and August, to 17.7% in September.
  • Tesla closed up .8% despite the tech-led sell-off in the broader market. The rally came after Tesla said it delivered 241,300 vehicles in the third quarter, topping analysts’ expectations.

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