September 11, 2020

September 11, 2020

Stocks finished the day mixed, with the DOW and S&P ending in positive territory. In economic news, the consumer price index increased 0.4% in August, higher than the expected 0.3%.

 

Dow Jones +131 at 27,665

S&P 500 +2 at 3,341

NASDAQ -66 at 10,854

 

The 10 Year Treasury closed down 2 basis points yielding 0.70%

Oil prices closed up $0.21 ending at $37.51 a barrel

Gold prices closed down $14 ending at $1,942 an ounce

 

The days’ stock news:

  • Shares of Tesla moved higher after the automaker said it plans to export China-made Model 3 cars to Asian and European markets, with mass production of vehicles intended for export to begin during the 4th quarter.
  • Domino’s Pizza was upgraded at Cowen, which noted the proactive steps the company has taken to build on the strong position it has built up during the pandemic and the increase in takeout and delivery spending by consumers.
  • Peloton reported a profit for the first time ever last quarter. Revenue nearly tripled on the surge in demand for home-based equipment amid the pandemic.

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