|Day's Range||7,423.1816 - 7,465.3940|
|52 Week Range||5,576.0898 - 7,465.3940|
Stocks trading in range as the Nasdaq and tech outperforms
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If you’re currently sitting on the sidelines holding cash as the stock market heads to fresh records, you may be making a big mistake.
As of Tuesday, 76 percent of the S&P 500 companies that had reported surpassed earnings expectations, while 84 percent of those companies had beaten sales estimates, according to Thomson Reuters I/B/E/S.
According to media company the Information, Snap (SNAP) has laid off around two dozen employees from its content team and many other divisions. The social media company has confirmed the layoffs. More than half of those that were laid off belonged to the content team.
World stock markets rose on Tuesday, with the S&P 500 getting a lift from upbeat earnings from companies such as Netflix, while the U.S. dollar slipped to a three-year low against a basket of major currencies. In U.S. stocks, Netflix closed up 10.0 percent and hit a record high after the video-streaming pioneer beat Wall Street targets for new subscribers in the fourth quarter. The majority of S&P 500 results so far this earnings season have been stronger than expected.
Technology and consumer-focused companies led U.S. stocks to more records Tuesday. Netflix soared after saying it gained more than 8 million subscribers at the end of 2017. On Tuesday: The Standard & Poor's ...
The S&P 500 and the Nasdaq end at fresh records Tuesday as a spate of upbeat earnings bolsters sentiment even as the Dow edged lower.