09/12/2019

Stocks moved higher today, with the DOW finishing positive for the 7th day in a row. In economic news, U.S. consumer prices increased by 0.1% in August, while weekly jobless claims dropped to a five-month low.

 

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

Dow Jones Industrial +46 at 27,182

S&P 500 +9 at 3,009

NASDAQ +25 at 8,194

 

The 10 Year Treasury closed up 6 basis points yielding 1.79%

Oil prices closed down $0.64 ending at $54.80 a barrel

Gold prices closed up $3 ending at $1,506 an ounce

 

In the days’ stock news:

  • SmileDirectClub had its IPO of $23 today. The stock dropped 28% from that price and ended the day at $16.67
  • Walmart shares are up this morning after the company announced an unlimited grocery delivery subscription service. This subscription will cost $98 per year, and will be offered in 200 markets around the country and 50% by the end of the year
  • British American Tobacco announced it will lay off 2,300 workers in January, about 4% of its workforce. This move will affect more than 20% of its upper management roles
  • AT&T said weakness in its wireless equipment unit could hurt current-quarter revenue. It also said this quarter’s revenue at its WarnerMedia unit would fall by $400 million from a year ago