09/04/2019

Stocks moved higher today, with every major index finishing in positive territory. In economic news, U.S. trade deficit narrowed less than expected to $54 billion, while the 10-year treasury yield declined to a 3-year low.

 

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

Dow Jones Industrial +239 at 26,355

S&P 500 +32 at 2,937

NASDAQ +103 at 7,976

 

The 10 Year Treasury closed down 1 basis point yielding 1.46%

Oil prices closed up $2.45 ending at $56.39 a barrel

Gold prices closed up $7 ending at $1,563 an ounce

 

In the days’ stock news:

  • Tyson Foods shares moved down 8% after the company cut its full-year forecast, citing the impact of a recent fire at a key factory, as well as commodity market volatility
  • Apple announced it will introduce a cheap new iPhone next spring to address declining market share. Apple shares finished the day up about 2%
  • Michaels shares increased 12% today after the arts and craft retailer beat earnings and revenue estimates. The company also reported a 0.3% increase in comparable-store sales
  • Realty Income announced the acquisition of 454 single-tenant properties from CIM Real Estate for over $1 billion in cash.