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Stock market today May 27, 2020

Stock market today

Tech stocks declined during today’s trading session, but at the close, all major stock indices closed higher. Dow closed higher more than 500 points. This is the US stock market update today at the close:
S&P 500: 3,036.13,+44.36(+1.48%)
Dow 30: 25,548.27,+553.16(+2.21%)
Nasdaq: 9,412.36,+72.14(+0.77%)
Russell 2000: 1,438.12,+45.05(+3.23%)

Commodities

At 4:07 PM, ET time today oil prices were lower and gold price higher.

Crude Oil: 32.93,-1.42(-4.13%)
Gold: 1,711.40,+5.80(+0.34%)

Bonds

The 10-Yr Bond yield at the time of this stock market update was at 0.6800,-0.0180(-2.58%). The Vix index fell to 27.39,-0.62(-2.21%).

Stocks today

Some of the stocks that moved today:

Hertz Global Holdings, Inc. (HTZ) stock rallied today closing at 1.3100+0.7550 (+136.04%). The was a huge increase in the volume today for HTZ stock. The volume today was 334,323,451 compared to the average volume of 19,402,733.

Tesla, Inc. (TSLA) stock closed today at 820.23+1.36 (+0.17%). Tesla announced price cuts recently. “Tesla Inc.’s overnight price cuts suggest the coronavirus is putting a bigger damper on demand than has been reflected in the electric-car maker’s share price.

The $5,000 reductions for the Model S and X and $2,000 cut for the Model 3 were an “acknowledgment that Tesla isn’t immune to material North American demand weakness,” Craig Irwin, an analyst at Roth Capital Partners, said in a report Wednesday.

“With the stock trading in the stratosphere,” Irwin wrote, “the key question is, ‘Can Tesla continue to deliver an interesting growth rate in the U.S.?’”

Source: https://finance.yahoo.com/news/tesla-price-cuts-signal-demand-153757981.html

Micron Technology, Inc. (MU) stock news

Micron Technology, Inc. (MU) stock gained more than 7%. The stock price at the close was 49.45+3.65 (+7.97%).

“Micron’s stock swings to a gain after profit, revenue outlook raised.Shares of Micron Technology Inc. MU, +7.96% spiked up 3.7% in afternoon trading Wednesday, after the memory chip maker raised its profit and revenue outlook for the fiscal third-quarter. The company disclosed that it now expects adjusted earnings per share of 75 cents to 80 cents, above the FactSet consensus of 56 cents, and revenue of $5.2 billion to $5.4 billion, which is above expectations of $4.93 billion. When the company reported fiscal second-quarter results on March 25, the company said it expected adjusted EPS of 55 cents, plus or minus 15 cents, and revenue of $4.6 billion to $5.2 billion.”

Source: https://www.marketwatch.com/story/microns-stock-swings-to-a-gain-after-profit-revenue-outlook-raised-2020-05-27?siteid=yhoof2&yptr=yahoo

Stock market data: Yahoo Finance


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