5/09/2019

Stocks were down today, every major index finishing in negative territory. In economic news, President Trump announced China has broken the deal in trade talks, and higher China tariffs are still set to go into effect tomorrow.

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

 

Dow Jones -139 at 25,828

S&P 500 -8 at 2,870

NASDAQ -32 at 7,910

 

The 10 Year Treasury closed down 2 basis points yielding 2.45%

Oil prices closed down $0.58 ending at $61.54 a barrel

Gold prices closed up $3.40 ending at $1,285 an ounce

 

In the days’ stock news:

  • Chevron announced they will not make a counter offer for Anadarko
  • Roku lost 9 cents per share for the first quarter, which beat estimates by 16 cents. This helped Roku rise 10% at the open
  • Costco saw April same-store sales increase 5.4% vs. 4.4% estimates
  • Intel was downgraded at BMO Capital, which said semiconductor stocks do not do well in a decelerating gross margin environment