September 29, 2020

September 29, 2020

Stocks fell for the first time in four days today with renewed concern over the coronavirus outbreak in New York City. In economic news, consumer confidence rose to 101.8 in September, higher than the expected 89.6.

Dow Jones finished -132 at 27,452

S&P 500 finished -16 at 3,335

NASDAQ finished -32 at 11,085

 

The 10 Year Treasury closed down 1 basis point yielding 0.65%

Oil prices closed down $1.56 ending at $39.04 a barrel

Gold prices closed up $19.80 ending at $1,902 an ounce

 

In the days’ stock news:

 

  • Gaming stocks fell sharply following news of positive Covid-19 tests among NFL players and staff for the Tennessee Titans. Shares of Penn National were down 4.8%, while DraftKings’ closed down 2%.

Amazon launched a $4.99 per month personal shopping service for men. This new service could put pressure on rival styling service Stitch

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