5/02/2019

Stocks declined today, with every major index finishing in negative territory. In economic news, U.S. first-quarter productivity increased at the fastest pace since 2014, while U.S. treasury yields ticked higher as investors digested the latest Fed meeting Here’s a look at how the major indices finished the day:

 

Dow Jones -122 at 26,307

S&P 500 -6 at 2,917

NASDAQ  -12 at 8,036

 

The 10 Year Treasury closed up 4 basis points yielding 2.55%

Oil prices closed down $1.95 ending at $61.65 a barrel

Gold prices closed down $12 ending at $1,272 an ounce

 

In the days’ stock news:

  • The Federal Aviation Administration is mandating new flight control software and parts for Boeing’s 787 Dreamliner, to address various safety issues
  • 3M is buying wound care technology company Acelity for $6.7 billion
  • Cigna beat earnings by 17 cents, reporting $3.90 per share, revenue also beat forecasts