Both made gains on better than expected manufacurting numbers coming from the midwest. The nasdaq however, lost ground falling 5 points. Gold dropped 8 dollars and oil 73 cents. Valeant pharamaceuticals plumps up its offer for botox maker allergan from 49 billion to 55 billion. Allergan shares shot up 6 , the ftc rules mens wearhouse and joseph a bank are suited for their proposed merger. A new low cost Airline People express is ready for takeoff with service that begins this month. Trader scott shellady, ceo of bull reef brokerage, tjm investments is here to tell us what is on his plate, good morning scott. Good morning. Is the stock market going to be doomed in june . You will probably have some pundits calling for that and that is sell in may and go away or sell in the summer and go away, so far it has not done you very well. Both the bond market rallied and the stock market is rallied and i think because theres nowhere else to put the cash right now and the state of the economy, yo
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Operator
Ladies and gentlemen, thank you for standing by, and welcome to the GoHealth s fourth-quarter 2020 earnings conference call. [Operator instructions] I would now like to hand the conference to your speaker today, Jay Koval, VP of IR. Please go ahead, sir.
Jason Koval
Vice President of Investor Relations
Thank you, Joelle, and good afternoon, everyone. First, I want to apologize for the press release getting out a little late. We had some issues with PR Newswire. But thank you all for taking the time to join us for GoHealth s fourth-quarter and full-year 2020 earnings call.
Joining me today are Clint Jones, co-founder and chief executive officer; Travis Matthiesen, chief financial officer; Shane Cruz, our chief operating officer; And Jake Gudmundsen, president of Medicare. This afternoon s conference call contains forward-looking statements based on our current expectations. Numerous risks and uncertainties may cause actual results to differ materially from those antic