Stocks (^DJI, ^GSPC, ^IXIC) are ending the week in the green as US job growth bounces back. Plus, we go live to Omaha, Nebraska, to get the latest ahead of the Berkshire Hathaway Annual Shareholders meeting. And, with the House vote over, what’s next for health care reform? Will actual tax reform be on the agenda? Catch The Final Round at 4 p.m. with Justine Underhill, markets correspondent Myles Udland and reporter Jared Blikre.
Winners and losers
Stocks ending the week on a down note include Fluor Corp, as profit dropped 42% and it reduced its full year profit outlook; LendingClub as the online loan provider reported higher expenses and a drop in loan originations: and IBM, with shares getting hit after Warren Buffett told CNBC that Berkshire cut a third of its 81 million share stake in the company.
Stocks on the move higher today include Zynga, as games like Words with Friends boosted current quarter revenue; Shake Shack as earnings and revenue were well above forecasts for the burger chain; and Callaway Golf, with shares of the Myles Udland favorite taking off as the equipment maker upped its full-year sales guidance.
- We’ll kick off the week with more earnings, we’ve got Marriott, Hertz and Tyson Food all posting reports.
- And it’ll be a week with lots more Fed speak. St. Louis Fed President James Bullard and the Cleveland Fed’s Loretta Mester start us off on Monday.
- Finally, we’ll know the fate of French elections, as voters head to the polls for the final round on Sunday. Are markets prepared for a Brexit-like shock?