The Dow closed at 27,781.70 – up 329.04 The S&P 500 closed at 3,363.00 – up 27.53 The Nasdaq closed at 11,167.51 – up 82.26 USDA inventory report sparked the rally in corn and soybeans. Nonfarm payrolls increased by 1.37 million in August vs. Dow Jones estimates of 1.32 million. The unemployment rate dropped toContinue reading “market wrap 09.30.20”
Monthly Archives: September 2020
market wrap 09.29.20
The Dow closed at 27,452.66 – down 131.40 The S&P 500 closed at 3,335.47 down 16.13 The Nasdaq closed at 11,085.25 – down 32.28 The Russell 2000 closed at 1,04.73 – down 5.62 The U.S. corn crop was rated 61% “good to excellent” compared to the same rating last week. The Illinois corn crop wasContinue reading “market wrap 09.29.20”
market wrap 09.28.20
The Dow closed at 27,584.06 – up 410.10 The S&P 500 closed at 3,351.60 – up 53.14 The Nasdaq closed at 11,117.52 – up 203.96 The Russell 2000 closed at 1,510.34 – up 35.43 Netflix is hiking prices. $500 million to a billion more revenue in 2021.
market wrap 09.25.20
The Dow closed at 27,173.96 – up 358.52 The S&P 500 closed at 3,298.46 – up 51.87 The Nasdaq closed at 10,913.56 – up241.29 The Russell 2000 closed at 1,474.91 – up 23.09 The Federal Funds rate has dropped to 0.1%, while 10-year Treasuries have seen their yield drop by half year-to-date, to just 0.7%.Continue reading “market wrap 09.25.20”
market wrap 09.24.20
The Dow closed at 26,815.44 – up 52.31 The S&P 500 closed at 3,246.59 – up 9.67 The Nasdaq closed at 10,672.27 – up 39.28 Expect better yield results to come in on this year’s corn crop. The USDA reported on September 21st that 755.111 metric tons of corn were inspected for export. As 3Continue reading “market wrap 09.24.20”
market wrap 09.23.20
The Dow closed at 26,763.13 – down 525.05 The S&P 500 closed at 3,236.92 – down 78.65 Old stock market leaders are likely to bite the dust in the post-COVID-19 era.