Market roundup for Aug. 14
SAN JUAN — The U.S. stock market closed mixed Friday. It continues on the verge of reaching all-time highs; however, investor sentiment has not reached a level that achieves it.
The lack of an agreement toward finalizing a stimulus package to further mitigate the pandemic’s effect on businesses and livelihoods, along with pervading uncertainty, is hindering the market.
However, two critical economic indicators show additional signs of improvement. Reported U.S. Business Sales were $1.394 trillion, up from $1.286 trillion last month, an 8.42% increase. And U.S. Business Inventories saw some improvement at minus-1.1%, compared with minus-2.35% the previous month, or a 53.19% increase.
On to markets.
- The Dow Jones Industrial Average closed at 27,931.02, up 34.3 points, or 0.12%.
- The Standard & Poor’s 500 Index closed at 3,372.85, down 0.58 points, or 0.02%.
- The NASDAQ Composite Index closed at 11,019.30, down 23.2 points, or 0.21%.
- The Birling Capital Puerto Rico Stock Index closed at 1,501.15, up 17.6 points, or 1.16%.
- The U.S. Treasury 10-year note closed flat, at 0.71%.
- The U.S. Treasury 2-year note closed lower, at 0.14%.