08/02/2019

Stocks finished lower to end the week as trade war fears continue. In economics news, trade deficit remains high amid escalating global tensions, while payrolls rise 164,000, 1,000 lower than estimated.

 

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

Dow Jones Industrial -98 at 26,485

S&P 500 finished -22 at 2,932

NASDAQ -107 at 8,004

 

The 10 Year Treasury closed down 4 basis points yielding 1.86%

Oil prices closed up $1.29 ending at $55.24 a barrel

Gold prices closed up $21 ending at $1,453 an ounce

 

In the days’ stock news:

  • Exxon Mobil reported earnings of 73 cents per share, beating the estimates by 7 cents. Exxon shares closed down 1%
  • Square beat earnings and revenue estimates, however current-quarter guidance was shy of Wall Street estimates. Square shares finished down 14% today.
  • Toyota cut its full-year profit forecast by about 6%, expecting a stronger yen to weigh on its bottom line.
  • Pinterest reported a smaller than expected quarterly loss, along with beating revenue estimates and an increase in monthly active users.