Friday, October 23, 2020

Market roundup for Sept. 24

By on September 24, 2020

SAN JUAN —Markets rose slightly Thursday, led by a tech sector recovery.  The shares with the highest recovery were Microsoft’s with a 1.3% increase, followed by Apple, with a 1% increase. 

Initial jobless claims for the week ended Sept. 19 totaled 870,000, or 20,000 more than expected.  Unemployment claims as a whole, showed a slight decline but were still higher than projected. 

As of last week, unemployment was about four times higher than before the pandemic. The lack of a stimulus plan from Congress continues to keep the economic recovery on hold.

On to markets.

  • The Dow Jones Industrial Average closed at 26,815.44, up 52.31 points, or 0.2%.
  • The Standard & Poor’s 500 Index closed at 3,246.59, up 9.67 points, or 0.3%.
  • The NASDAQ Composite Index closed at 10,672.27, up 39.28 points, or 0.37%.
  • The Birling Capital Puerto Rico Stock Index closed at 1,459.63, down 34.03 points, or 2.27%.
  • The U.S. Treasury 10-year note closed at 0.67%.
  • The U.S. Treasury 2-year note closed at 0.14%