September 24, 2021

September 24, 2021

The S&P 500 and the Dow Jones were near flat today, wrapping up an unstable week on Wall Street. A move by China to ban cryptocurrencies weighed on the technology sector.

 

Dow Jones finished +33 at 34,798

S&P 500 finished +7 at 4,455

NASDAQ finished -5 at 15,047

 

The 10 Year Treasury closed up 5 basis points yielding 1.46%

Oil prices closed up $0.72 ending at $74.02 a barrel.

Gold prices closed down $2.70 ending at $1,747 an ounce.

 

In the days’ stock news:

 

  • Nike closed down more than 6% after Nike cut its full-year guidance for sales growth. The company said supply chain issues in Vietnam were slowing sales. Nike now projects mid-single-digit revenue growth for its 2022 fiscal year, down from prior guidance of low-double-digit growth.
  • Match Group closed up 4% after the online dating platform announced on Thursday that it will sell shares of its common stock in a registered direct offering. The price per share and number of shares of common stock issued will be calculated by a volume-weighted average price during a five-day averaging period starting Friday, the company said.

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