September 14, 2021

September 14, 2021

The S&P 500 gained just 10 points yesterday but it was enough to end a 5 day losing steak for the widely followed index as September tries to live up to its reputation as a tough month for stocks.  Today the market moved higher at the open after a report that showed inflation was slightly lower than expected in August but then the sellers were back at it.

At the close:

  • Dow -292 to 34577
  • S&P 500 -26 to 4443
  • NASDAQ -68 to 15037
  • Oil unchanged @ 70.40
  • Gold +11 to 1803

In corporate news shares of Oracle were lower after the software giant reported strong net income but revenue that was below expectations.  Coinbase edged lower despite an upgrade from Piper Sandler to overweight. Wynn Resorts and Las Vegas Sans were both sharply lower on concerns about government gaming restrictions in Macau and a rise in Covid cases.

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