07/09/2019

Stocks were volatile today with the NASDAQ and S&P finishing in positive territory. In economic news, U.S. Treasury yields moved higher this morning as investors await fed speeches, while job openings dipped slightly to 7.32 million in May.

 

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

Dow Jones Industrial -22 at 26,783

S&P 500 finished +4 at 2,979

NASDAQ finished +43 at 43

 

The 10 Year Treasury closed up s basis points yielding 2.05%

Oil prices closed up $0.30 ending at $57.96 a barrel

Gold prices closed down $1 ending at $1,399 an ounce

 

In the days’ stock news:

  • Acacia Communications shares surged 35% today after announcing it will be acquired by Cisco Systems for $2.6 billion
  • PepsiCo beat earnings estimates by 4 cents earning $1.54 per share. The beverage company slightly beat revenue expectations with revenues of $16.45 billion vs $16.43 billion expected
  • Square was upgraded at Raymond James, citing a more attractive risk/reward balance. Square finished the day up over 6%.
  • 3M shares closed down 2% today after the stock was downgraded at RBC Capital Markets, with the firm also slashing its price target from $207 to $176. This came after an unsettling string of guidance cuts