September 15, 2020

September 15, 2020

Stocks moved higher for a 2nd consecutive day, with the NASDAQ leading the way, up 1%. In economic news, industrial production increased 0.4% in August, slightly lower than expected.

 

Dow Jones +2 at 27,996

S&P 500 +18 at 3,401

NASDAQ +134 at 11,190

 

The 10 Year Treasury closed up 1 basis point yielding 0.68%

Oil prices closed up $1.01 ending at $38.27 a barrel

Gold prices closed down $2 ending at $1,953 an ounce

 

The days’ stock news:

  • Shares of Nvidia increased 1% after Needham raised its price target to $700 per share from $600, stating the acquisition of Arm Holdings could potentially add $1.20 to $1.65 a share to earnings in 2022.
  • Sony shares dropped 2% after the company said it was cutting production targets for its upcoming PlayStation 5 by 20%, due to issues with the consoles’ chips.
  • Kraft Heinz announced it is planning to cut $2 billion in costs over the next 5 years. Kraft shares increased about a half of percent.

Daily Updates

March 8, 2021.

Stocks opened the week mixed, with the DOW being the...

March 5, 2021.

U.S. stocks reversed from a sharp sell-off and closed higher...

March 4, 2021.

Stocks fell sharply today after Federal Reserve Chair Powell failed...

Monthly Updates

Vaccines and St.

February is historically the only month of the year with...

Profit Taking.

January is traditionally one of the best months of the...

Dow 30,000.

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

Stay up to date with our newsletter