Jan. 13, 2020

Stocks increased today with the S&P and NASDAQ hitting record highs. In economic news, the U.S. announced it will remove China from its currency manipulator list ahead of signing the trade deal.

 

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

Dow Jones +83 at 28,907

S&P 500 +23 at 3,288

NASDAQ +95 at 9,274

 

The 10 Year Treasury closed up 2 basis points yielding 1.85%

Oil prices closed down $0.95 ending at $58.04 a barrel

Gold prices closed down $11 ending at $1,549 an ounce

 

In the days’ stock news:

  • Tesla shares increased 10% after Oppenheimer raised its price target to $612 per share from $385. Tesla’s stock is finished the day at $525 per share.
  • Ford shares dropped after the automaker announced its sales in China fell over 26% in 2019, marking the third consecutive year of sales declines in that Country.
  • Goldman Sachs was upgraded at JMP Securities, which said the company is in the early stages of the most meaningful transformations in the financial services industry.
  • IBM’ stock is down 1% after being downgraded at Evercore, which pointed at macro headwinds as well as marked circumstances that set up a difficult first half of 2020.