September 10, 2020

September 10, 2020

Stocks traded choppy today and turned sharply negative with each of the three major indices sinking more than 1.4%. In economic news, initial weekly jobless claims came in at 884,000, slightly more than expected.

Dow Jones finished -406 at 27,534

S&P 500 finished -60 at 3,339

NASDAQ finished -222 at 10,919

 

The 10 Year Treasury closed down 2 basis points yielding 0.68%

Oil prices closed down $0.96 ending at $37.09 a barrel

Gold prices closed down $2.00 ending at $1,952 an ounce

 

In the days’ stock news:

 

  • Shares of Bed Bath & Beyond closed up more than 4% after Wedbush added the company to its “Best Ideas” list, pointing out that the stock is still trading at distressed levels
  • Spotify closed up a little over 1% and was upgraded based on optimistic projections of subscriber numbers as well as optimism about major labels participating in the company’s “Marketplace” offering. Marketplace lets artists pay Spotify to promote their new music.

 

 

Daily Updates

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...

January 13, 202.

The S&P 500 and NASDAQ rose slightly this afternoon after...

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