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Market roundup for Oct. 9

By on October 9, 2020

The U.S. and global stock markets advanced today to end the week with the most significant weekly performance since July.  In a reversal of its earlier decision, President Trump and the White House offered a stimulus proposal of $1.8 trillion, inching closer to the $2.2 trillion bill passed by the House.

Let’s review the sector’s performance,

Sector                                  Chg Today       Chg YTD

·        Basic Materials                  +1.03%             6.38%

·        Consumer Cyclical            +0.70%             20.25%

·        Consumer Defensive         +0.68%             2.89%

·        Energy                                  +4.11%           -49.77%

·        Financial Services               +1.73%           -19.23%

·        Healthcare                          +0.50%              4.92%

·        Industrials                           +0.98%             -2.27%

·        Technology                           +0.50%            28.46%

·        Utilities                                    1.73%              -3.51%

On to markets,

The Dow Jones Industrial Average closed at 28,586.90, up 161.39 points, or 0.57%.

The Standard & Poor’s 500 Index closed at 3,477.14, up 30.31 points, or 0.88%.

The NASDAQ Composite Index closed at 11,579.94 up 158.96 points or 1.39%

The Birling Capital Puerto Rico Stock Index closed at 1,674.64, up 29.56 points or 1.80

The U.S. Treasury 10-year note closed up at 0.79%.

The U.S. Treasury 2-year note closed up at 0.16%.