08/08/2019

Stocks moved higher today as bond yields rebounded. In economic news, weekly jobless claims were lower than expected, coming in at 209,000 vs 215,000 expected.

 

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

Dow Jones Industrial +372 at 26,378

S&P 500 +54 2,938

NASDAQ +176 at 8,039

 

The 10 Year Treasury closed up 3 basis points yielding 1.71%

Oil prices closed up $1.68 ending at $52.77 a barrel

Gold prices closed down $4.50 ending at $1,515 an ounce

 

In the days’ stock news:

  • Lyft shares increased 3% today after the ride sharing company reported better-than-expected second-quarter earnings and strong guidance
  • Roku also had better-than-expected earnings. The company reported a loss of 8 cents per share vs a 22-cent expected loss. Roku shares moved 21% higher today
  • Fox Corporation beat earnings estimates by 3 cents, and stated it saw growth across its operating segments and key revenue categories. Fox shares finished down 5%
  • Tripadvisor shares initially fell over 6% after the company posted lower-than-expected second-quarter earnings. However, Tripadvisor shares have since recovered and finished the day up 5%