September 2, 2020

September 2, 2020

Stocks rose today continuing a strong start to September for the market as traders took profits out of high-flying names like Apple and Tesla and snapped up shares in more beaten-down parts of the market.

Dow Jones finished +455 at 29,100

S&P 500 finished +54 at 3,580

NASDAQ finished +117 at 12,056


The 10 Year Treasury closed down 2 basis points yielding 0.65%

Oil prices closed down $1.23 ending at $41.53 a barrel

Gold prices closed down $30 ending at $1,948 an ounce


In the days’ stock news:


  • Peloton the exercise equipment maker jumped more than 8% after JPMorgan called the company a “top pick.” The firm raised its price target on the stock to a Street high of $105 based on ongoing demand. Shares are up more than 200% this year.
  • Shares of DraftKings closed up more than 8% after the sports gambling company announced that basketball great Michael Jordan will join the company’s board as an advisor.

Daily Updates

January 22, 202.

Stocks traded lower today, pulling back from record highs as...

January 21, 202.

The Nasdaq closes at another record as Big Tech jumps...

January 20, 202.

Stocks climbed for a second day to record levels as...

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