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Daily Market Recap - 3:30 pm CST

August 06, 2020

Summary

U.S. stocks closed higher today, led by the communication services and technology sectors. In economic news, the U.S. jobless claims for last week fell to 1.2 million. In corporate news, Allstate reported second-quarter earnings above expectations. Treasury bond prices rose as their interest rates fell.

Overall market indexes

The Dow Jones Industrial Average* was up 185 points or 0.7% to 27,387
The Standard & Poor's 500 Index was up 21 points or 0.6% to 3,349
The NASDAQ Composite Index was up 110 points or 1.0% to 11,108

Bond markets

The 30-year Treasury yield closed lower at 1.20%
And the 10-year Treasury yield finished lower at .54%

Commodity markets

The spot price of gold rose $20.40 to $2,051.50
And the price of crude oil fell $0.18 to $42.01

Important Information:

The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2019 is proprietary to Dow Jones & Company, Inc.

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