5/07/2019

Stocks declined for a consecutive day, with every major index finishing in negative territory. In economic news, President Trump announced higher China tariffs will go into effect on Friday, while job openings increased to 7.5 million.

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

 

Dow Jones -472 at 25,965

S&P 500 -48 2,884

NASDAQ -159 at 7,963

 

The 10 Year Treasury closed down 5 basis points yielding 2.45%

Oil prices closed down $1.10 ending at $61.15 a barrel

Gold prices closed up $2 ending at $1,285 an ounce

 

In the days’ stock news:

  • Boeing was downgraded at Barclays, which thinks passengers will try to avoid flying 737 Max jets for longer than anticipated
  • Anadarko announced Occidental Petroleum’s offer of $38 billion is superior to Chevron’s offer, and has given Chevron 4 days to respond with a counter offer if they choose to do so
  • Ferrari reported a 22% jump in net profit during the 1st quarter from a year earlier
  • Allergan beat earnings estimates by 24 cents, reporting $3.79 earnings per share