|Day's Range||9,693.05 - 9,746.36|
|52 Week Range||7,292.22 - 9,748.32|
Agilian Technology is reopening one of its three factories in China after an extended period of shutdown due to the coronavirus outbreak. Its executive vice president Renaud Anjoran joins Yahoo Finance's Seana Smith on The Ticker to discuss.
Delta Air Lines Inc. Chief Executive Officer Ed Bastian weighs in on a simmering debate about the proper protocol when reclining one’s seat on a flight.
Among top semiconductor stocks, AMAT stock has shown bullish price action after a breakout from a base with a 63.17 buy point.
Festering worries about the spread of COVID-19 is a potential peril for the U.S. economy, but ailing manufacturers and tepid investment are already muzzling growth.
As the COVID-19 spreads and the patient count and death toll grow, economists are slashing their once-rosy expectations for global growth in 2020.
Munger, who serves as chairman for the Daily Journal along with his Berkshire role, cited the increasing use of EBITDA — earnings before interest, taxes, depreciation and amortization — as an example of that excess. “I don’t like when investment bankers talk about EBITDA, which I call ‘bulls**t earnings,’” Munger, 96 years old, explained.
We’ve heard the market dubbed “ludicrous.” We’ve seen the comparisons to the dot-com bubble. We’ve pointed out that stocks have almost never traded with valuations as high as they are now. That’s still no reason to sell.
The S&P 500 and the Nasdaq on Friday closed at an all-time high, capping a week that had produced a decided uptrend as investors parsed a round of corporate results, economic data and the spread of COVID-19. All three benchmarks, however finished the week solidly higher. The S&P 500 gained 6.22 points, 0.2%, to close at 3,380.16, a record. The Nasdaq Composite Index closed 19.21 points, 0.2%, also at a record at 9,731.18. Meanwhile, the Dow Jones Industrial Average finished 25.23 points, or 0.1%, down to end at 29,398.08. On the day, investors weighed slightly sluggish retail-sales growth in January against relatively upbeat corporate earnings, even as companies like Expedia warned on the impact of the viral outbreak that reportedly originated in Wuhan, China last year. For the week, the Dow gained 1%, the S&P 500 was up 1.6%, and the Nasdaq gained 2.2%.
The Nasdaq and S&P 500 finish at records Friday, after bouncing between small gains and losses, as investors parse mixed data on the strength of the U.S. consumer and monitored the spread of COVID-19 in China.
The stock market closed mixed after buyers made a sweep of trading desks in the final 45 minutes of trading. Indexes closed with gains for the week and near all-time highs.
More coronavirus cases reported in China has roiled global stock markets. Gold is higher, travel shares are falling. Cisco Systems and NetApp shares are moving on earnings news.
The Dow Jones was under mild selling pressure Friday, but Visa and American bucked the trend with gains of around 1%. Nvidia and Dexcom soared on earnings.
STOCKSTOWATCHTODAY BLOG Shaky Sales. The three major U.S. stock market indexes were mixed after U.S. retail-sales data showed a sluggish start to the shopping year. The Dow Jones Industrial Average lost 40 points, or 0.
Software, Big Data and select consumer-oriented stocks are giving the Nasdaq another day of outperformance against the Dow Jones Industrial Average.
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. "In an election year, especially when the president is getting backlash that the tax cut benefits only the rich, seeking a way to democratize the stock market to low income earners would be a popular manoeuvre," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. While the S&P 500 and the Nasdaq closed modestly higher, the Dow lost ground.
Business inventories in the U.S. rose a slight 0.1% in December after a 0.2% decline in the prior month, the Commerce Department said Friday. The gain was in line with Wall Street expectations. Sales slumped 0.1% in the month. Retailer sales were flat. The ratio of inventories to sales, meanwhile, inched up to 1.40 in December from 1.39 in the prior month. That's how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was 1.39. A smaller gain in inventories in the fourth-quarter relative to the July-September period subtracted 1.1 percentage points from GDP growth.
U.S. stock benchmarks Friday morning were edging slightly higher and looking to maintain strong weekly gains as investors weighed positioning heading into the weekend, amid the continuing spread of COVID-19, the illness derived from the novel coronavirus that reportedly originated in Wuhan, China last year. The Dow Jones Industrial Average traded 18 points, or 0.1%, lower at 29,403, the S&P 500 index gained 0.1% at 3,3766, while the Nasdaq Composite Index climbed 0.2% at 9,727. For the week, the Dow and S&P 500 were on track for a weekly gain of at least 1%, while the Nasdaq was on pace for a gain of more than 2% over the period. China's National Health Commission reported 5,090 new confirmed cases in mainland China, bringing the total to 63,851. The number of new cases jumped sharply on Thursday after a change in the government's counting method. In economic news, retail sales rose 0.3% in January, the government said, matching the MarketWatch consensus forecast. Import prices rose 0.2% during the month, according to a separate government report, and have gained 0.3% in the past 12 months, while industrial production fell 0.3% in January, marking the fourth decline in the past five months. In company news, Canopy Growth Corp.'s U.S.-listed stock surged Friday after reporting a narrower-than-expected fiscal third-quarter loss.
WASHINGTON (MarketWatch) - The import price index was flat in January, as the falling cost of gas offset increases in non-fuel goods. Excluding fuel, prices of imported goods rose 0.2%, the government said Friday. The increase in import prices over the past 12 months slowed to 0.3% from 0.5%. If fuel is omitted, import prices have fallen almost 1% over the past year. The U.S. government on Thursday reported a small increase in consumer prices last month, with inflation growing just slightly faster than 2%. Other price barometers show inflation rising less than 2% a year, however.
Investing.com – Wall Street was in the red in afternoon trading Friday, with the Dow the worst hit following more negative news on Boeing’s 737 Max jet problems.
Happy Valentine’s Day. Stocks are bounding back from Thursday’s revelation there are more coronavirus cases in China that originally reported. Earnings news is dominating stocks in premarket trading Friday.