Tuesday, December 1, 2020

Market roundup for Sept. 2

By on September 2, 2020

SAN JUAN — The U.S. stock market continued its record-setting pace Wednesday. The Dow Jones closed just 1.5% short of its all-time high, reached Feb. 12, and the Nasdaq Composite surpassed 12,000, a highly significant milestone for the tech-driven index. U.S. equities ended the day up.

Two critical economic benchmarks were reported:

  • U.S. Manufacturing Shipments rose to $479.53 billion, up from $458.28 billion last month, yet still down from $501.78 billion last year.
  • U.S. Manufacturing New Orders fell slightly to 6.35%, compared to 6.45% last month; however, much higher than the 1.57% last year.

The following companies are producing significant returns:

  • Tesla Inc. (TSLA) has returned 467.8% year-to-date (YTD).
  • Apple Inc (AAPL) has returned 84.04% YTD.
  • Amazon (AMZN) has returned 89.36% YTD.
  • Microsoft Corp. (MSFT) has returned 45.26% YTD.    

On to markets,

  • The Dow Jones Industrial Average closed at 29,100.50, up 454.84 points, or 1.54%.
  • The Standard & Poor’s 500 Index closed at 3,580.84, up 54.19 points, or 1.59%.
  • The NASDAQ Composite Index closed at 12,056.44, up 116.78 points, or 0.98%.
  • The Birling Capital Puerto Rico Stock Index closed at 1,560.95, up 15.76, or 1.02%.
  • The U.S. Treasury 10-year note closed lower, at 0.66%.
  • The U.S. Treasury 2-year note closed higher, at 0.14%.

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