September 17, 2020

September 17, 2020

Stocks tumbled sharply today, as caution returned to the market in the wake of the Federal Reserve’s decision to keep monetary policy loose for the immediate future, and new data suggested the rebound was losing momentum.

 

Dow Jones finished -130 at 27,901

S&P 500 finished -28 at 3,357

NASDAQ finished -140 at 10,910

 

The 10 Year Treasury closed even yielding 0.68%

Oil prices closed up $0.87 ending at $41.03 a barrel

Gold prices closed down $16.00 ending at $1,954 an ounce

 

In the days’ stock news:

 

  • Shares of Kodak gained more than 27% after an independent review found the company didn’t break any laws related to its disclosure of a $765 million loan from the U.S. government to help produce drug ingredients. The stock surged 36% on Wednesday alone.
  • Shares of Snowflake dropped more than 11% after the cloud company’s shares more than doubled at its market debut on the New York Stock Exchange. The initial public offering marked the largest software debut ever

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