10/22/2019

Stocks were volatile today, with every major index finishing in negative territory. In economic news, U.S. existing-home sales dropped in September.

 

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

Dow Jones Industrial -38 at 26,788

S&P 500 -11 at 2,996

NASDAQ -59 8,104

 

The 10 Year Treasury down 2 basis points yielding 1.77%

Oil prices closed up $0.85 ending at $54.16 a barrel

Gold prices closed up $3 ending at $1,491 an ounce

 

In the days’ stock news:

  • Biogen shares moved 26% higher after the drug maker announced its plan to file for FDA approval of its Alzheimer’s treatment, after promising results for the drug in a clinical trial.
  • com shares increased about 20% after the company announced a partnership with UPS which gives discount shipping rates to users of the company’s postage printing services.
  • Bank of America was upgraded at Atlantic Equities, citing what it calls an impressive third quarter with ongoing deposit growth.
  • Proctor & Gamble beat earnings and revenue estimates with help by strong demand for its premium beauty brands.