The Dow Gains 56 As Bonds Show Signs of Stabilizing

Markets were up across the board today, as bond yields reversed course and bonds rose 0.06%. The Dow gained 56.22 points to close at 17,958.73. The S&P 500 was up 9.28 and closed at 2,091.18. The NASDAQ was up 23.75 points, and closed the day at 4,974.57. In overseas trading, every major market rose. The Hang Seng put on an addition 700 points, recovering from a recent downturn by shattering its previous ceiling.

Walgreens Store Closings Send Stock Up.  Popular pharmacy chain Walgreens (WBA) made a decision to downsize today, and it was one that shareholders approve of.
The retailer is closing up to 200 stores in the coming months, hoping to complete the closures by the end of Q2. Walgreens stock gained nearly 5 points after news of the closures broke, and ended the day's trading at $92.62 per share.

General Electric Rising On News It May Sell Off Real Estate.  American mega-corp General Electric (GE) saw its share prices rise today on news that it is considering shedding some real estate holdings. This news is nothing new for the company, but a deal seems to be getting closer to becoming finalized. General Electric share prices were up 0.72 poionts on teh day, and closed at $25.73.

Bed Bath & Beyond's Weak Q4 Sales Cause Share Prices To Fall. Housewares chain Bed Bath & Beyond (BBBY) is a generally desirable brand with a large, loyal following and one key problem: It's holding on to too much debt. So when the company missed Q4 sales forecasts, their stock dropped fast. In trading today, shares of Bed Bath & Beyond lost nearly 5.50% percent of their value when it investors fell all over themselves to sell off. The company closed at $73.46 per share after losing -4.22 points.

Debt is a similar problem that competitor Williams-Sonoma (WSM) faces. During the recession, these relatively high-end housewares stores were ignored in favor of neighborhood retailers like Walmart (WMT) and Target (TGT). Williams-Sonoma fell -1.17 points to close at $77.37 per share.

Express Scripts Rising Again.  Online pharmaceutical provider Express Scripts (ESRX) has been on the upswing lately. Today, the stock shot up nearly 5% as investors continued to buy up as much stock as possible in anticipation of a potential payoff. Express Scripts rose 4.11 points today, and closed at $88.46 per share.

Goldman Grows On The Strength Of Overseas Investments.  Financial giant Goldman Sachs (GS) has a lot of irons in the fire. One of them is venture investment in overseas markets, and it's paying off particularly well. In Asia, where the financial recovery is only slightly lagging our own, Goldman has been making money hand over fist. We'll cover the Asian recovery -- especially the Hang Seng's huge 1,400 point rally this week -- in more detail during tomorrow's Weekly Market Recap. Today, Goldman gained 2.33 points and closed the day at $194.89 per share.
Published on Apr 9, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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