07/11/2019

Stocks were mixed today, with the DOW and S&P finishing in positive territory. In economics news, U.S. weekly jobless claims fell to a 3-month low, coming in at 209,000, while the consumer price index increased 0.1% in June.

 

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

Dow Jones Industrial  +228 at 27,088

S&P 500 +7 at 2,999

NASDAQ -6 at 8,196

 

The 10 Year Treasury closed up 5 basis points yielding 2.12%

Oil prices closed down $0.02 ending at $60.12 a barrel

Gold prices closed down $3 ending at $1,409 an ounce

 

In the days’ stock news:

  • Amazon unveiled plans to retain 100,000 of its U.S. workers by 2025 to help them move to more advanced jobs or find new careers
  • Cowen set a price target of $150 for Microsoft, stating they expect Microsoft’s Commercial Cloud to be the primary driver of growth going forward
  • Bank of America raised their price target for Snap from $12 to $17, citing an increase in Snapchat app downloads.
  • Delta Air Lines opened 2% higher this morning after the company reported better than expected earnings. Delta reported a profit of $2.35 per share vs. $2.28 estimates