07/03/2019

Stocks moved higher during this shortened trading day, with the Dow and NASDAQ hitting record highs. In economic news, U.S. weekly jobless claims fell more than expected, while U.S. trade deficit widened to a 5-month high in May.

Here’s a look at how the major indices finished the day:

 

Dow Jones Industrial +179 at 26,966

S&P 500 +23 at 2,995

NASDAQ +61 at 8,170

 

The 10 Year Treasury closed down 2 basis points yielding 1.95%

Oil prices closed up $0.52 ending at $56.77 a barrel

Gold prices closed up $12 ending at $1,419 an ounce

 

In the days’ stock news:

  • Tesla shares increased about 5% today after the company reported record delivery and production numbers
  • AT&T announced it is looking to sell its regional sports networks as part of a debt-reduction plan
  • Canopy Growth shares are down 4% after the company announced it fired its CEO, Bruce Linton
  • Stifel raised its price target on Starbucks to from $65 to $86 per share, noting it expects the company’s second-quarter same-store sales to come in above Wall Street expectations