October 8, 2020

October 8, 2020

Stocks closed up today after the three major indices closed at their highest levels in more than one month a day earlier. Investors digested a new round of jobless claims that were higher than expected, alongside dimming prospects for more stimulus in the near-term.

 

Dow Jones finished +122 at 28,425

S&P 500 finished +27 at 3,446

NASDAQ finished +56 at 11,420

 

The 10 Year Treasury closed down 2 basis points yielding 0.76%

Oil prices closed up $1.29 ending at $41.24 a barrel

Gold prices closed up $6.80 ending at $1,897 an ounce

 

In the days’ stock news:

 

  • Shares of the biotech company,  Regeneron advanced more than 1% after Regeneron applied for Emergency Use Authorization for its Covid-19 antibody cocktail. The treatment is the same one that was used for President Donald Trump.
  • Domino’s Pizza fell more than 6% on the back of disappointing earnings for the previous quarter.

 

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