Market Update (9/25)
Markets earned bullish sentiment on Friday with investors confident to hold stock into the weekend. Stocks shook off virus and stimulus concerns to send the major indexes higher by at least 1% at the close. Amazon (AMZN), Apple (AAPL), Tesla (TSLA) and Facebook (FB) all closed higher as investors continued to take advantage of recently beaten down prices.
At the end of the day, the $DJI gained 1.34% to 27,173.96. The NASDAQ Composite closed higher to 10,913.56, up 2.26%. The S&P 500 also gained ground by 1.60% to 3298.46. The Russell 2000 closed higher by 1.55% to 1474.30.
The InvestorsPrism family of indexes closed mixed. The PRISM Emerging Gene Therapy index closed slightly higher by 0.03%. The PRISM Emerging MedCannabis index was higher by 0.3% on the day. The PRISM Emerging MedDevices index had a good day, rising by 2.4%.
Other PRISM indexes also closed mixed. The PRISM Emerging MedDiagnostics index lost 2.0%. The PRISM Emerging New Economy index closed higher by 2.3%, and the PRISM Emerging Pet Care & AgriBiz index closed lower by 0.3%. The biotech heavy PRISM Emerging Vaccines & Cell Therapy index closed lower by 4.0%.
The top commodities are trading mostly lower as risk moves back into the markets at the 4:00pm ET mark. Crude Oil moved down slightly to $40.14 per barrel, Gold is trading at $1867.40 per oz., and Silver is down a half-percent at $23.08 oz.. Bitcoin ($BTC) is higher from Thursday’s 4pm mark, trading at $10,730.14.
*data as of market close at 4pm est on 9/25/20