Stocks finished the day mixed, with the DOW being the only index in positive territory. In economic news, U.S. government debt yields are moving higher as gradual de-escalation of trade relations between the U.S. and China continues.
Here’s a look at how the major indices finished the day:
Dow Jones Industrial +43 26,835
S&P 500 finished -0.28 at 2,978
NASDAQ finished -16 at 8,087
The 10 Year Treasury closed up 7 basis points yielding 1.62%
Oil prices closed up $1.51 ending at $58.03 a barrel
Gold prices closed down $7 ending at $1,508 an ounce
In the days’ stock news:
- Chipotle was upgraded at Wedbush, citing the company is in a position to establish a digital moat as the industry transitions to a larger mix of digital transactions.
- Energizer Holdings moved 7% higher today after the company received a double upgrade at Bank of America, saying negative factors that it had previously highlighted were in the rear-view mirror and that major risks are now known
- Royal Caribbean increased its dividend by 11% to 78 cents per share. The cruise line operator said the move reflected the company’s continuing efforts to increase shareholder returns
- Eli Lilly said its experimental lung cancer drug shrank tumors in almost 70% of advanced lung cancer patients