AllMarket Update
logoArgusNovember 13, 2020

Market Update: VIAC, CSCO, LLY, REGN, TJX, WYNN

Sector(s)
Communication Services, Technology, Healthcare, Consumer Cyclical
Summary

Stocks rose modestly on Friday morning, led by the Energy and Industrial sectors, despite concerns about record new coronavirus cases in the U.S. New cases rose to more than 160,000 on Thursday, just eight days after reaching 100,000 for the first time, and hospitalizations rose to more than 67,000. On the earnings front, Disney shares rose 2% despite a fiscal 4Q loss, as the company reported much stronger-than-expected subscriber growth for its Disney+ streaming service. Cisco shares also rose more than 6% after the company posted better-than-expected fiscal 1Q revenues and earnings. The Dow rose 0.8%, the S&P 0.7%, and the Nasdaq 0.4%. Crude oil fell nearly 2% to $40.50 per barrel, while gold rose $19 to $1892 per ounce.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE