September 22, 2020

September 22, 2020

Stocks moved higher today, snapping a 4-day losing streak, with every major index finishing up about 1%. In economic news, Fed chair Powell said the Federal Reserve will support the economy for as long as it needs too.

 

Dow Jones +140 at 27,288

S&P 500 +35 at 3,316

NASDAQ +185 at 10,964

 

The 10 Year Treasury closed down 1 basis point yielding 0.66%

Oil prices closed up $0.29 ending at $39.60 a barrel

Gold prices closed down $4 ending at $1,898 an ounce

 

The days’ stock news:

  • Shares of Amazon moved 6% higher after Bernstein upgraded the company, saying the 16% pullback its stock has seen over the last few weeks has created an attractive entry point. Amazon has had a 50% increase in fulfillment capacity this year.
  • Walmart is partnering with Goldman Sachs to provide lines of credit to third-party merchants who sell their products on Walmart.com.
  • Vroom and Carvana both moved over 10% higher after the companies were upgraded at Goldman Sachs, which noted the potential for long-term growth in the auto sales.

Daily Updates

October 22, 202.

Stocks closed higher today after traders continued to fixate on...

October 21, 202.

Stocks opened mixed this morning and spent the day going...

October 20, 202.

Stocks closed higher today as traders hope a deal can...

Monthly Updates

Overdue Correct.

Technology stocks helped push the S&P 500 nearly 60% above...

5 Month Winning.

Coming into the month the S&P 500 had moved higher...

Technology Keep.

Coming into the month the S&P 500 was 40% above...

Stay up to date with our newsletter