5/15/2019

Stocks began the day down but managed to turn positive about 2 hours into the day and kept this trend for the rest of the day. In economic news, U.S. import prices rose slightly in April, while retail sales declined in April.

 

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

 

Dow Jones +115 at 25,648

S&P 500 +16 at 2,580

NASDAQ +87 7,822

 

The 10 Year Treasury closed down 4 basis points yielding 2.37%

Oil prices closed up $0.50 ending at $62.46 a barrel

Gold prices closed up $1 ending at $1,297 an ounce

 

In the days’ stock news:

  • Tilray reported a 27-cent loss per share for the first quarter, 2 cents more than expectations. However, the company did beat revenue estimates
  • Alibaba beat earnings estimates by a wide margin on both top and bottom lines, driven by user engagement and growth in its cloud business
  • Restaurant Brands International announced its 8 to 10-year plan to expand to 40,000 restaurants globally, from the current 26,000
  • Zillow Group was upgraded at Guggenheim, this was based on optimism of Zillow’s “Offers” home sale service