Market roundup for Aug. 13
SAN JUAN — The U.S. stock market ended the trading session mostly lower Thursday as investors seem to be waiting for Congress and the White House to agree on the Coronavirus Phase 4 Stimulus Package.
Notable, however, is the fact that three of the major indices are within stone’s throw of their record highs:
- Dow Jones Industrial Average: -5.6%
- S&P 500: -0.38%
- Nasdaq: -0.59%
- Birling Capital P.R. Stock Index: -25.64%
The U.S. Initial Claims for Unemployment Insurance were reported at 963,000, down from 1.191 million last week, or 19.14% fewer.
The overall economic numbers, the stock market near record highs and the economy stabilizing seemingly provide little incentive to for an agreement on the stimulus measures to be reached as fast as most Americans had expected.
On to markets,
- The Dow Jones Industrial Average closed at 27,896.72, down 80.12 points, or 0.29%.
- The Standard & Poor’s 500 Index closed at 3,373.43, down 6.92 points, or 0.2%.
- The NASDAQ Composite Index closed at 11,042.50, up 30.27 points, or 0.27%.
- The Birling Capital Puerto Rico Stock Index closed at 1,518.75, down 15.67 points, or 1.02%.
- The U.S. Treasury 10-year note closed higher, at 0.71%.
- The U.S. Treasury 2-year note closed flat, at 0.16%.