September 30, 2020

September 30, 2020

Stocks moved higher today, with every major index finishing up around 1%. In economic news, the consumer confidence index came in at 101.8 vs. an expected 89.6.

 

Dow Jones +329 at 27,782

S&P 500 +28 at 3,363

NASDAQ +82 at 11,168

 

The 10 Year Treasury closed up 3 basis points yielding 0.68%

Oil prices closed up $0.74 ending at $40.03 a barrel

Gold prices closed down $4 ending at $1,890 an ounce

 

The days’ stock news:

  • Shares of Disney dropped 1% after the company said it is cutting 28,000 jobs in its theme park division, as the coronavirus continues to impact park visits and keeps Disneyland closed for the foreseeable future.
  • William Hill and Caesars Entertainment shares both increased over 1% after William Hill accepted Caesar’s $3.7 billion bid to buy the British betting company, stating it believed the deal was the best option for shareholders at an attractive price.
  • Moderna’s experimental Covid-19 vaccine appears safe and shows signs of working in older adults, according to study results reported by New England Journal of Medicine.

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