September 7, 2021

September 7, 2021

Stocks closed down today with analysts closely watching the end of pandemic-era jobless benefits and its impact on the labor market as the COVID-19 pandemic clouds the outlook.

 

Dow Jones finished -269 at 35,100

S&P 500 finished -15 at 4,520

NASDAQ finished +11 at 15,374

 

The 10 Year Treasury closed up 5 basis points yielding 1.37%

Oil prices closed down $0.95 ending at $68.34 a barrel.

Gold prices closed down $38.00 ending at $1,796 an ounce.

 

In the days’ stock news:

 

  • Match Group closed up 7.5% after the announcement that Match will be added to the S&P 500 benchmark. As of Sept. 20, Match Group will replace Perrigo Company in the large-cap equity index.
  • Coinbase stock dropped 4% as the price of bitcoin plummeted about 10% on the day it became legal tender in El Salvador – though the rollout didn’t go smoothly, with the country disconnecting its government-run bitcoin wallet early in the morning for software enhancements.

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