U.S. Markets closed

Stocks power to new highs as traders bet on growth

Surprise surprise – stocks keep going up, with the major indices hitting new highs – as traders bet on growth. Plus – Dropbox reportedly files for an IPO – are the big private startups finally ready to play ball? And – Walmart the latest to give workers a tax cut fueled pay boost, but weren’t they going to do this anyway? Plus – RH has been on fire recently, but one fund manager who’s been short tells us why he’s staying the course. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.

Winners and losers

Stocks in the red include Endo International as the drugmaker received a subpoena from the federal government regarding oxymorphone products, SAP as Morgan Stanley downgraded shares to equal-weight, and Helios and Matheson – shares dropping as the MoviePass parent sold $60 million in convertible notes to an institutional investor.

Stocks in the green today include Xerox as the Journal is reporting Xerox in deal talks with Japan’s Fujifilm, KB Home as the homebuilder posted a solid 4th quarter last year, beating on both the top and bottom line, and Delta Air Lines – The stock pushing higher here as it reported fourth-quarter earnings that topped street estimates, and raised its 2018 profit guidance, citing, you guessed it, the new tax laws.