368.74 +1.09 (0.30%)
After hours: 7:59PM EDT
|Bid||368.40 x 1000|
|Ask||368.74 x 1000|
|Day's Range||351.56 - 368.15|
|52 Week Range||176.55 - 423.21|
|PE Ratio (TTM)||166.89|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||379.76|
Stocks jumping despite trade war talk heating up
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith and Dion Rabouin to discuss the latest moves.
Walmart, Amazon and Netflix are the Yahoo Finance charts of the day.
Just a few years ago it was still novel to see Emmy winners coming from internet services instead of cable or network TV, but now it's just a part of the landscape. Netflix notably edged out HBO this year when it came to nominations, but now that all the trophies have been handed out they ended up tied with 23 wins each. While Game of Thrones won the most awards in total with nine, including Outstanding Drama Series, Amazon Prime's The Marvelous Maisel came out looking the best by winning five of the awards given out during NBC's broadcast and eight althogether.
Netflix took home 23 Emmys during Monday's award ceremony, tying HBO's haul this year. Netflix tied with HBO , which had previously been the top network award winner for 16 years. Netflix has been doubling down on its original content budget, spending up to $8 billion on original content in 2018.
U.S. stock benchmarks booked their best daily gains in weeks on Tuesday, shaking off a fresh round of tariffs on Chinese goods, as well as Beijing's early response, as more measured than expected. The Dow Jones Industrial Average closed up about 185 points, or 0.7%, at 26,247, marking its best day since Aug. 27, with the blue-chip benchmark closing within about 1.4% of its Jan. 26 record at 26,616.71. The S&P 500 index closed up 0.5% at 2,904, powered by a 1.3% rise in the consumer-discretionary sector, which itself was boosted by gains in Netflix Inc. and Amaxon.com Inc. , and a climb in the industrials sector, up 0.9%. Meanwhile, the Nasdaq Composite Index advanced 0.8% at 7,956. Both the S&P 500 and the Nasdaq had their best days since Aug. 29. On Tuesday, China's commerce ministry said it "has no choice but to undertake synchronous retaliation" to defend its interests and unveiled plans for tariffs on an additional $60 billion of U.S. goods, following the Trump administration's announcement of $200 billion in tariffs on Chinese imports. Both sets of duties will take effect on Sept. 24. Market participants appeared to take heart in the less-than-stringent retaliation by Beijing and the 10% start of duties from the U.S., which will escalate to 25% by year-end.
Q3 Earnings Preview: See who joins IBD 50 stocks Netflix, Paycom, Match and RealPage on list of companies expecting 50% to 267% growth.
Netflix and Union Pacific were early leaders Tuesday, and Tilray led a pot stock rally as stocks shrugged off the latest round of trade war news.
Stock futures rose modestly Tuesday morning as the U.S. imposed Trump tariffs on $200 billion in Chinese imports. Apple and FANG stocks led Monday's sell-off and generally retreated overnight.
The bulls stayed in control in afternoon trading Tuesday, The Nasdaq was up 1%, undeterred by news of another round of tariffs on Chinese imports.
Video-related stocks helped give the stock market a bullish sheen. Railroad stocks rolled ahead. The Dow Jones transports rose 0.7% despite a strong crude oil rally.
ADB, a unit of Keeley Cos., is building a $15 million headquarters in Pacific to accommodate the growth.
Tuesday, September 18: President Trump slaps tariffs on another $200 billion of Chinese goods; Japanese billionaire will go to the moon in SpaceX rocket; Netflix, HBO, and Amazon clean up at the Emmys. Yahoo Finance’s Dan Roberts pours out the news.