U.S. Markets open in 4 hrs 59 mins

US Indexes End Higher Thursday

The Dow Jones Industrial Average closed at 28,859.44 on Thursday with a gain of 124.99 points or 0.43%. The S&P 500 closed at 3,283.66 for a gain of 10.26 points or 0.31%. The Nasdaq Composite closed at 9,298.93 for a gain of 23.77 points or 0.26%. The VIX Volatility Index was lower at 15.49 for a loss of 0.90 points or -5.49%.

Thursday's market movers


The major U.S. indexes closed with gains Thursday. Investors were concerned over China's coronavirus, but a stable gross domestic product report helped lift valuations through the end of the day. GDP increased 2.1% in the fourth quarter and 2.3% for 2019.

The World Health Organization released a statement announcing the coronavirus as a global public emergency. Treasury yields were slightly higher on the longer end of the yield curve, rallying from lows as investors have been watching some yield curve inversion. In the U.K., the country is on track for a European Union departure tomorrow, on the last day of January.

On the earnings calendar:

  • DuPont (NYSE:DD): Revenue of $5.2 billion decreased 4.8% year over year and missed estimates by $40 million. Fourth-quarter GAAP earnings of 24 cents per share missed estimates by 52 cents and non-GAAP earnings of 95 cents were in line with estimates.
  • Coca-Cola (NYSE:KO): Revenue of $9.1 billion increased 16% year over year and beat estimates by $220 million. Fourth-quarter GAAP earnings of 47 cents per share beat estimates by 3 cents and non-GAAP earnings of 44 cents per share were in line with estimates.
  • Verizon (NYSE:VZ): Revenue of $34.78 billion increased 1.5% year over year and beat estimates by $160 million. Fourth-quarter GAAP earnings of $1.23 per share beat estimates by 9 cents and non-GAAP earnings of $1.13 missed estimates by 2 cents.
  • Amazon (NASDAQ:AMZN): Revenue of $87.44 billion increased 20.8% year over year and beat estimates by $1.35 billion. Fourth-quarter GAAP earnings of $6.47 per share beat estimates by $2.51.
  • Visa (NYSE:V): Revenue of $6.1 billion increased 10.9% year over year and beat estimates by $20 million. First-quarter GAAP earnings of $1.46 per share were in line with estimates and non-GAAP earnings of $1.46 missed estimates by 1 cent.
  • Magellan Midstream Partners (NYSE:MMP): Revenue of $740.68 million decreased 14.4% year over year and missed estimates by $99.89 million. Fourth-quarter GAAP earnings of $1.25 per share beat estimates by 7 cents and non-GAAP earnings of $1.31 beat estimates by 15 cents.



Economic reports affecting market trading included the following:

  • GDP increased 2.1% in the fourth quarter, consistent with the previous quarter's gain and also in line with the estimate. For the year, GDP was up 2.3% in 2019 versus 2.9% in 2018.
  • Jobless claims were 216,000 for the week, down from 223,000. Continuing jobless claims decreased to 1,703,000 from 1,747,000.
  • The Treasury held auctions for four-week bills at a rate of 1.545% and eight-week bills at a rate of 1.55%.



In the S&P 500, financials and consumer staples led gains. In the Dow Jones Industrial Average, the following stocks led gains:

  • Coca-Cola (NYSE:KO) 3.20%
  • Microsoft (NASDAQ:MSFT) 2.86%
  • Goldman Sachs (NYSE:GS) 1.64%
  • Visa (NYSE:V) 1.45%
  • JPMorgan (NYSE:JPM) 1.27%
  • American Express (NYSE:AXP) 1.15%



Small-cap stocks

In small caps, the Russell 2000 closed at 1,648.22 for a loss of 1.00 point or -0.061%. The S&P 600 closed at 1,003.03 for a loss of 1.39 points or -0.14%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,661.32 for a loss of 4.90 points or -0.05%. The Dow Jones U.S. Small-Cap Value Index closed at 9,623.95 for a gain of 9.19 points or 0.10%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,047.92 for a gain of 1.26 points or 0.062%; the S&P 100 at 1,471.24 for a gain of 4.54 points or 0.31%; the Nasdaq 100 at 9,136.09 for a gain of 34.47 points or 0.38%; the Russell 3000 at 1,922.25 for a gain of 5.72 points or 0.30%; the Russell 1000 at 1,816.00 for a gain of 5.85 points or 0.32%; the Wilshire 5000 at 33,556.48 for a gain of 105.01 points or 0.31%; and the Dow Jones U.S. Select Dividend Index at 752.29 for a gain of 1.54 points or 0.21%.

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.


  • Dow Jones Futures: Apple Warns On Coronavirus After Tesla, Alibaba Caution; Walmart, InMode Earnings Due
    Business
    Investor's Business Daily

    Dow Jones Futures: Apple Warns On Coronavirus After Tesla, Alibaba Caution; Walmart, InMode Earnings Due

    Dow Jones futures fell modestly Monday night, along with S&P 500 futures and Nasdaq futures, as Apple warned it won't meet revenue guidance as the China coronavirus hits iPhone production and demand. Last week, Tesla cited "health epidemics" as a risk and Alibaba warned that the coronavirus was a "black swan" event. The Apple coronavirus warning could affect iPhone chipmakers such as Broadcom, Qualcomm and Taiwan Semiconductor Manufacturing.

  • Musk Calls Gates Underwhelming After Billionaire Buys a Porsche
    Business
    Bloomberg

    Musk Calls Gates Underwhelming After Billionaire Buys a Porsche

    If he was expecting kind words in return from Elon Musk, he apparently shouldn't have spoken about challenges that still lie ahead -- or about his new Porsche. Gates, the billionaire co-founder of Microsoft Corp., spoke with a YouTube influencer last week about the challenges of reducing emissions to slow climate change. “And certainly Tesla, if you had to name one company that's helped drive that, it's them,” Gates told YouTuber Marques Brownlee.

  • Business
    Fox Business

    Want to become a Chick-fil-A operator? Here's how much it costs

    How much does it cost to open your own Chick-fil-A franchise? Proof that you're a self-starter with a good personal finance track record -- and $10,000. Chick-fil-A, the nation's top fast-food chain, relies on a franchise business model.

  • Pier 1 store closings: These locations are slated to shutter. Is yours on the list?
    Business
    USA TODAY

    Pier 1 store closings: These locations are slated to shutter. Is yours on the list?

    Kailua - Kona: 74-5586 Palani Road Kapolei: 4460 Kapolei Parkway Lihue: 4303 Nawiliwili Road J Pearl City: 1000 Kamehameha Highway Illinois Pier 1 closing stores Algonquin: 718 South Randall Road Aurora: 4362 East New York Batavia: 481 North Randall Bloomingdale: 360 W Army Trail Road Bolingbrook: 1116 W Boughton Road Bourbonnais: 1660 North State Route 50 Carbondale: 1401 East Main St. Chicago: 1014 S Canal St. Chicago: 1574 N Kingsbury St. Dekalb: 2371 Sycamore Road Forsyth: 987 S Route 51 Glenview: 2331 Willow Road Mundelein: 3062 W. Route 60 Oak Park: 1143 West Lake St. Schaumburg: 1522 E Golf Road South Elgin: 358 Randall Road Indiana closing Pier 1 stores Bloomington: 849 Automall Road...

  • If you could buy only one stock for 5G and artificial intelligence exposure, this would be it
    Business
    MarketWatch

    If you could buy only one stock for 5G and artificial intelligence exposure, this would be it

    During the California gold rush, many miners went bankrupt. Most investors recognize that the gold rush is on in 5G and artificial intelligence. The picks and shovels for the present-day gold rushes are semiconductors.

  • Roku, Inc. Just Released Its Yearly Results And Analysts Are Updating Their Estimates
    Business
    Simply Wall St.

    Roku, Inc. Just Released Its Yearly Results And Analysts Are Updating Their Estimates

    Revenues came in at US$1.1b, in line with forecasts and the company reported a statutory loss of US$0.52 per share, roughly in line with expectations. Following the result, analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what analysts' statutory forecasts suggest is in store for next year.

  • David Tepper's Top 5 Buys in the 4th Quarter
    Business
    GuruFocus.com

    David Tepper's Top 5 Buys in the 4th Quarter

    David Tepper (Trades, Portfolio), founder of Appaloosa Management, disclosed last week that his fund's top five buys during the fourth quarter of 2019 included a new holding in Intelsat SA (NYSE:I) and position boosts in four companies: Alibaba Group Holding Ltd. (NYSE:BABA), Micron Technology (NASDAQ:MU), Energy Transfer LP (NYSE:ET) and Amazon.com Inc. NASDAQ:AMZN). Warning!

  • 2 “Strong Buy” Healthcare Stocks with Over 100% Upside Potential
    Business
    TipRanks

    2 “Strong Buy” Healthcare Stocks with Over 100% Upside Potential

    Naturally, the research should include what the pros on the Street think about a company's long-term growth narrative. Using TipRanks' Stock Screener, we've dug up two healthcare stocks that look especially promising. While each one is unique, the tickers have two things in common: all have room for upside of more than 100%, and what's more, each one currently boasts a “Strong Buy” consensus rating from the Street.

  • Apple takes hit from coronavirus
    Business
    Reuters Videos

    Apple takes hit from coronavirus

    Apple became the biggest company to flag damage to its business from the coronavirus on Monday (February 17). It warned of an assault on two fronts: Supply is a problem with factories in China still slow to reopen and it sees sales of its devices falling off, too. Many of its stores in China are still closed or have limited hours.

  • Kroger stock soars after Buffett’s investment
    Business
    American City Business Journals

    Kroger stock soars after Buffett’s investment

    Kroger Co.'s stock soared in after-hours trading Friday following the disclosure that famed investor Warren Buffett's Berkshire Hathaway conglomerate has made a huge investment in the supermarket giant's stock. Omaha, Neb.-based conglomerate Berkshire Hathaway bought a new position of 18.9 million shares of Kroger (NYSE: KR) stock during the fourth quarter, according to a Securities and Exchange Commission filing late Friday.

  • Dow Jones Futures: Walmart Earnings Due, 3 IPOs Near Buys; Warren Buffett Stock Set To Break Out
    Business
    Investor's Business Daily

    Dow Jones Futures: Walmart Earnings Due, 3 IPOs Near Buys; Warren Buffett Stock Set To Break Out

    Dow Jones futures rose modestly Monday afternoon, along with S&P 500 futures and Nasdaq futures, after the stock market rally kept running last week. Walmart, Medtronic and InMode report earnings Tuesday. U.S. stock markets are closed for the Presidents Day holiday.

  • These 3 Chip Giants Keep Hitting New Highs: Are They Still Buys?
    Business
    TipRanks

    These 3 Chip Giants Keep Hitting New Highs: Are They Still Buys?

    To watch Steve's track record, click here) AMD's recent sharp gains have pushed the stock's share price well above the average price target, and analysts have not yet readjusted their outlook. As Steves' double target upgrade show, events in the chip industry are moving quickly. AMD's Moderate Buy consensus rating is based on mixed reviews, and includes 11 Buy and 13 Holds.

  • Best Tech Stocks To Buy And Watch Now: 5 Top Stocks Leading The Market
    Business
    Investor's Business Daily

    Best Tech Stocks To Buy And Watch Now: 5 Top Stocks Leading The Market

    Top tech stocks now include four stocks in the software sector — Square, Atlassian, Fortinet and Coupa Software — as well as chip stock Inphi. Inphi is a member of Leaderboard. Finding The Best Tech Stocks To Buy And Watch Screening for the best tech stocks to buy and watch is as easy as looking at the MarketSmith Growth 250, a daily screen of high-quality stocks.

  • Huawei Scare Pushes Carriers to Tackle Dominance of 5G Suppliers
    Business
    Bloomberg

    Huawei Scare Pushes Carriers to Tackle Dominance of 5G Suppliers

    Companies including Deutsche Telekom AG and Vodafone Group Plc have decided to combine separate projects to develop a more standardized, flexible network architecture that would make it easier for carriers to use products from multiple vendors, according to people familiar with the matter. Under the plans, the O-RAN industry alliance, backed by Deutsche Telekom and AT&T Inc. among others, will align its work with the Telecom Infra Project, which was started by Facebook Inc.

  • Business
    Financial Times

    Apple’s coronavirus sales warning hits global stocks

    Apple's sales warning rippled across Asian and European markets in the latest sign of the mounting corporate and financial cost of the coronavirus outbreak. Tokyo's Topix index dropped 1.3 per cent on Tuesday, a seventh straight decline, while Seoul's Kospi index and Hong Kong's Hang Seng both shed 1.4 per cent. Shares opened lower in Europe, with declines across all of the region's major bourses and the composite Stoxx 600 index down 0.8 per cent. Investors shifted into US sovereign debt, considered a shelter during economic uncertainty, sending the 10-year Treasury yield down 5.1 basis points to 1.537 per cent. The 30-year yield fell 6 bps to 1.9847 per cent, slipping below 2 per cent for the first time in two weeks.

  • Business
    Barrons.com

    Tennessee’s Treasury Sold GE, GM, and Verizon Stock. Here’s What It Bought.

    The Tennessee Department of Treasury made some big changes in its stock investments in the last quarter of 2019. The department, which manages all of the state's investments, including its pension fund, reduced investments in (GE) (ticker: GE), General Motors (GM) and (VZ) Communications stock (VZ) in the fourth quarter. Tennessee's treasury also bought more (WMT) stock (WMT).

  • Bearish Bets: 2 Stocks You Must Consider Shorting This Week
    Business
    TheStreet.com

    Bearish Bets: 2 Stocks You Must Consider Shorting This Week

    Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Royal Gold Inc. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.

  • President Trump Attends Trump Hotel Wedding of White House Aides Stephen Miller and Katie Waldman
    Politics
    Meredith Videos

    President Trump Attends Trump Hotel Wedding of White House Aides Stephen Miller and Katie Waldman

    President Trump Attends Trump Hotel Wedding of White House Aides Stephen Miller and Katie Waldman

  • News
    Barrons.com

    The Secure Act Requires Your 401(k) Statement to Show Monthly Retirement Income. You Could Be in for a Surprise.

    Translating the nebulous balance on a 401(k) statement into an estimated monthly income in retirement can be challenging, leaving workers unsure whether they're on the right track or need to step up their contributions. A small provision in the Secure Act, signed into law in December to help Americans save for retirement, aims to remove some of that uncertainty. The law requires employers offering 401(k) plans and similar plans to show employees not just the total balance in their account but also a projected monthly income in retirement based on that balance.

  • Business
    Reuters

    U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs

    The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan's TSMC, the world's largest contract chipmaker, two sources familiar with the matter said. New restrictions on commerce with China's Huawei are among several options to be considered at high-level U.S. meetings this week and next. The measure would be a blow to the world's no. 2 smartphone maker as well as to TSMC, a major producer of chips for Huawei's HiSilicon unit and mobile phone rivals Apple Inc and Qualcomm Inc.

  • Business
    Oilprice.com

    The World’s Top LNG Producer Is In Trouble

    Global LNG markets are struggling with a glut of unprecedented levels. International expansion in Australia, Qatar, Mozambique and Egypt, combined with a continuously strong US shale gas export drive, is pushing down prices further. Analysts have warned before that a possible LNG glut could end in tears, but nobody was expecting that the market would also be hit by a demand side shock such as China's coronavirus.

  • Business
    Barrons.com

    The Stock Market Is Up About 5% Through Presidents Day. Here’s What Happens Next.

    The average S&P return from the beginning of the year through Valentine's Day over the past 40-plus years is close to 2%. Stocks, for one thing, are a little expensive. Does a good start paired with high valuation mean stocks stagnate from here, drop significantly or keep going up?

  • HSBC Seeks Revamp With 35,000 Staff Cuts in Quinn ‘Endgame’
    Business
    Bloomberg

    HSBC Seeks Revamp With 35,000 Staff Cuts in Quinn ‘Endgame’

    In the meantime, it will accelerate investments in Asia, where the bank draws the bulk of its profit but is grappling with risks from the Hong Kong protests and China's coronavirus outbreak. The board is also deciding whether the sweeping overhaul announced by interim boss Noel Quinn is enough to secure him the top job permanently. Parts of our business are not delivering acceptable returns,” Quinn said in the bank's full-year earnings statement on Tuesday.

  • Business
    Financial Times

    Kraft downgrade could leave other issuers playing ketchup

    Kraft Heinz became the largest high-yield bond issuer last week, after it was downgraded by two of the big three rating agencies. Bond investors had been waiting for such a scenario: where big companies that rushed to borrow cheap money after the 2008 financial crisis fail to reduce their debt burdens, and are punished by the rating agencies.

  • Business
    Financial Times

    Hedge fund Renaissance built stake ahead of Tesla share surge

    p Renaissance Technologies, a secretive computer-powered hedge fund founded by billionaire Jim Simons, added nearly 3.3m Tesla shares ahead of the electric car maker's surge earlier this year. p The $60bn hedge fund built a stake of more than 2 per cent in Tesla in the three months to December, putting it in position to benefit from the company's vertiginous rally past $900 a share in February assuming it held the stake.