Dow, S&P hit records as Tesla tops $1T
Hertz places order for 100,000 Teslas: report
Retail roundup: Expert spotlights Lowe's, Target, Amazon as 'winning' stocks
Strategic Resource Group managing director Burt Flickinger weighs in on the retail stock winners and losers this week.
U.S. stocks marched to record highs as investors digested another batch of earnings and oil hit a seven-year high.
The Dow Jones Industrial Average rose 66 points, or 0.19%, while the S&P 500 jumped 0.48% as both indexes finished at all-time highs. The Nasdaq Composite gained 0.9% to finish less than 1% below its own record peak.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 38460.92 | -42.77 | -0.11% |
| SP500 | S&P 500 | 5071.63 | +1.08 | +0.02% |
| I:COMP | NASDAQ COMPOSITE INDEX | 15712.748618 | +16.11 | +0.10% |
In stocks, PayPal Inc. said it is not pursuing a deal for pinboard site Pinterest Inc. The announcement comes after several media outlets reported last week that PayPal was in talks to buy Pinterest for $45 billion, or $70 per share, mostly in stock.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PYPL | PAYPAL HOLDINGS INC. | 64.84 | +0.41 | +0.64% |
| PINS | PINTEREST INC. | 32.85 | -0.17 | -0.51% |
Hertz Global Holdings Inc. placed an order for 100,000 Teslas, the single-biggest order for the electric-car maker’s vehicles, according to Bloomberg News, citing people with knowledge of the matter.
Tesla topped a $1 trillion market capitalization for the first time, becoming the sixth U.S. company to reach the milestone. Other companies that have surpassed the mark include Apple Inc. and Microsoft Corp.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| HTZZ | n.a. | n.a. | n.a. | n.a. |
| TSLA | TESLA INC. | 162.13 | +17.45 | +12.06% |
Kimberly-Clark Corp. missed on earnings and beat on sales with management warning it will raise prices further to mitigate the impact of "significant inflation" on its margins.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| KMB | KIMBERLY-CLARK CORP. | 137.78 | +1.74 | +1.28% |
Restaurant Brands International Inc., the parent company of Burger King, reported mixed quarterly results and warned labor shortages were weighing on sales.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| QSR | RESTAURANT BRANDS INTERNATIONAL INC. | 73.62 | -0.73 | -0.98% |
In commodities, West Texas Intermediate crude oil finished unchanged at $83.76 a barrel after earlier climbing above $85 for the first time in seven years. Gold, meanwhile, edged up $10.50 to $1,806 an ounce.
Overseas markets were mixed.
European trading was choppy with France’s CAC 30 slipping 0.31% while Germany’s DAX 30 and Britain’s FTSE 100 advanced 0.36% and 0.25%, respectively.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
In Asia, Japan’s Nikkei 225 slid 0.71%, Hong Kong’s Hang Seng index inched up 0.02% and China’s Shanghai Composite gained 0.76%.