The S&P 500 is on track for its first record close since Dec. 6. Traders should beware of chasing the move, said Jonathan Krinsky, chief market technician at BTIG, in a Wednesday morning client note.
STORY: U.S. stocks rallied on Friday with the S&P 500 and Dow notching their biggest weekly percentage gains since early November... and the Nasdaq registering its best week since early December.The Dow gained almost eight-tenths of a percent,
Shares of Qorvo Inc. QRVO inched 0.31% higher to $71.91 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.16% to 5,836.22 and the Dow Jones Industrial Average DJIA rising 0.86% to 42,297.12. The stock's rise snapped a two-day losing streak.
Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.
For the week, the Dow and S&P 500 advanced 3.7% and 2.9%, respectively. Both indexes posted their biggest weekly advance since the week of the U.S. presidential election in November. The Nasdaq climbed 2.5% week to date for its best one-week performance since early December.
In October, Qorvo said the shift away from mid-tier 5G ... Adding to the firm's woes, it was removed from the benchmark S&P 500 index in December last year.
↘️ J.B. Hunt Transport Services (JBHT): The trucking and logistics company, which is seen as a bellwether for the freight sector, posted a higher quarterly profit but overall revenue fell ...
U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.
The Federal Reserve is done with rate cuts for the "foreseeable future" and its next move could even be to hike, Dan Ivascyn, chief investment officer at bond-fund giant Pimco told the Financial Times
Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.
U.S. stocks closed a robust week with the S&P 500 and Dow posting significant gains. Despite inflation concerns and upcoming Trump policies, optimism over the economy and positive earnings reports bolstered investor sentiment.
U.S. equities were higher at midday Friday as positive reports on inflation raised investor optimism for more Federal Reserve rate cuts ahead.