September 23, 2020

September 23, 2020

Stocks opened higher but turned negative early on, with every major index finishing down 25 or worse. In economic news, existing home sales were 6 million in August, slightly lower than expected.


Dow Jones -525 at 26,763

S&P 500 -79 at 3,237

NASDAQ -331 at 10,633


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

Oil prices closed down $0.27 ending at $39.53 a barrel

Gold prices closed down $45 ending at $1,854 an ounce


The days’ stock news:

  • Shares of Nike increased 9% after the company more than doubled earnings estimates and beat revenue estimates. this was due to online sales surging 82%, which now makes up nearly one third of the company’s total revenue.
  • Shopify disclosed a data breach, by 2 workers, which affected fewer than 200 merchants who use its e-commerce platform. The workers gained transaction records but did not find evidence of the data being used for any purpose. Shopify shares dropped 4% today.
  • 3M is exploring the sale of its food safety business, which could draw up to $3.5 billion in a sale. 3M shares moved 2% lower today.

Daily Updates

April 22, 2021.

U.S stocks closed down today after reports that President Joe...

April 20, 2021.

U.S. stocks fell for a second day today as strong...

April 19, 2021.

U.S. stocks slipped from record levels to start the week...

Monthly Updates

Stocks Higher f.

Both January and February began with nice rallies and it...

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...

Stay up to date with our newsletter