September 22, 2021

September 22, 2021

U.S. stocks closed up today after the Federal Reserve indicated it doesn’t see an imminent rollback of the monetary stimulus that has been supporting the economy throughout the pandemic.

 

Dow Jones finished +338 at 34,258

S&P 500 finished +41 at 4,395

NASDAQ finished +150 at 14,896

 

The 10 Year Treasury closed down 2 basis points yielding 1.30%

Oil prices closed up $1.54 ending at $72.03 a barrel.

Gold prices closed down $9.50 ending at $1,768 an ounce.

 

In the days’ stock news:

 

  • FedEx closed down more than 9% after the firm posted cut its full-year forecast on Tuesday. FedEx said its quarterly results were affected by labor shortages, which slowed packages and drove up costs ahead of the holiday peak season.
  • Robinhood closed up more than 10% after the trading app announced it is testing “crypto wallets” with select clients next month. The move is the latest expansion for Robinhood in the cryptocurrency space.

 

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