Market Update (9/28)

Markets rallied to start the week with the three major indexes closing higher by more than 1% each. Stocks gapped higher at the open and kept their bullish ways into the close.  Amazon (AMZN), Apple (AAPL), Tesla (TSLA) all closed higher by more than 2% as investors rushed to join the optimistic mood.

At the end of the day, the $DJI gained 1.51% to 27,584.06. The NASDAQ Composite closed higher to 11,117.53, up 1.87%. The S&P 500 also gained ground by 1.61% to 3351.60. The Russell 2000 closed 2.4% higher to 1510.34.

The InvestorsPrism family of indexes closed mixed. The PRISM Emerging Gene Therapy index closed slightly lower by 1.5%. Fate Therapeutics (FATE) led the gainers in that index, moving higher by 7.14%.The PRISM Emerging MedCannabis index was higher by 0.3% on the day. The PRISM Emerging MedDevices index dropped by 0.3%. Pulse Biosciences (PLSE) led the index gainers.

Other PRISM indexes also closed mixed. The PRISM Emerging MedDiagnostics index lost 2.0%. The PRISM Emerging New Economy index closed lower by 0.6%, 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 higher at the 4:00pm ET mark. Crude Oil moved to $40.58 per barrel, Gold is trading at $1885.80 per oz., and Silver higher at $23.80 oz.. Bitcoin ($BTC) found buyers and is trading at $10,881.54 as of 4pm est.

*data as of market close at 4pm est on 9/28/20

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Market Update (9/28)

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