09/05/2019

Stocks soared higher today after China and the U.S. agreed to resume trade talks next month. In economic news, private payroll growth surged by 195,000 in August, well above Wall street estimates.

 

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

Dow Jones Industrial +372 at 26,728

S&P 500 +38 at 2,976

NASDAQ +139 at 8,116

 

The 10 Year Treasury closed up 10 basis points yielding 1.56%

Oil prices closed down $0.06 ending at $56.20 a barrel

Gold prices closed down $35 ending at $1,525 an ounce

 

In the days’ stock news:

  • Comcast shares 2% higher today after the company was upgraded at Oppenheimer, which pointed to strength in broadband and an underestimation by Wall Street of ad revenues
  • Despite beating earnings and revenue estimates, Slack shares dropped over 3% due to the company announcing a forecasted larger-than-expected loss for the current quarter
  • CVS increased 2% this morning after it was granted the ability to complete its acquisition of Aetna by a justice department
  • T-Mobile is being sued by New York City, which accuses the mobile carrier of engaging in rampant sales abuse of customers of its lower priced Metro brand