September 28, 2021

September 28, 2021

Stocks dropped today, with the DOW, S&P, and NASDAQ all finishing in negative territory. In economic news, core capital goods orders increased 0.5% during August, up slightly from the previous month.

 

Dow Jones -569 at 34,300

S&P 500 -90 at 4,353

NASDAQ -423 at 14,547

 

The 10 Year Treasury closed up 5 basis points yielding 1.53%

Oil prices closed down $0.71 ending at $74.74 a barrel

Gold prices closed down $14 ending at $1,736 an ounce

 

Corporate news:

  • Shares of Ford increased 1% after the company announced it will be accelerating its push into electric vehicles by investing more than $11 billion, with SK Innovation, in the project with plans for a new U.S. assembly plant and 3 battery factories.

 

  • Aurora Cannabis reported lower-than-expected quarterly revenue as consumer cannabis sales fell 45% from a year earlier. The company cited Covid-19 restrictions as a key reason for the drop.

 

  • Spotify launched a global campaign designed to boost advertising sales. The campaign is aimed at small and medium-sized businesses beyond what’s been its traditional focus.

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