October 7, 2020

October 7, 2020

Stocks opened 1% higher, and kept the momentum throughout the day, with every major index finishing up roughly 2%. In economic news, there were 6.5 million job openings in August, lower than the previous month.


Dow Jones +531 at 28,303

S&P 500 +59 at 3, 419

NASDAQ +210 at 11,365


The 10 Year Treasury closed up 4 basis points yielding 0.79%

Oil prices closed down $0.64 ending at $40.03 a barrel

Gold prices closed down $18 ending at $1,884 an ounce


The days’ stock news:

  • Shares of airline companies like United, American, and Delta are all increased over 2% after President Trump called for standalone aid for the airline industry.
  • The FAA issued new proposed training procedures for Boeing’s grounded 737 Max jet. This is a key step in the jet’s return to service. The proposal will be finalized on November 2nd. Boeing shares finished the day 3% higher.
  • Netflix shares increased 6% after Pivotal Research raised its price target on Netflix to a Street-high $650 per share. This was based on accelerating cord-cutting trends and the view that Netflix is likely to remain the dominant global player in the streaming video-on-demand market.

Daily Updates

January 19, 202.

Stocks closed up today as traders returned from a long...

January 15, 202.

Stocks dipped as traders considered details of President-elect Joe Biden’s...

January 14, 202.

Stocks closed down today after the Labor Department’s weekly jobless...

Monthly Updates

Dow 30,000.

November through January is traditionally the best time of the...

Rising COVID, F.

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

Overdue Correct.

Technology stocks helped push the S&P 500 nearly 60% above...

Stay up to date with our newsletter