Stocks wrap winning week at records, oil nears $60 per barrel
Walt Disney Co said its Disney+ streaming service added 21M subscribers
U.S. equity markets battled to record highs Friday, overcoming early selling pressure in a volatile session.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 49500.93 | +48.95 | +0.10% |
| SP500 | S&P 500 | 6836.17 | +3.41 | +0.05% |
| I:COMP | NASDAQ COMPOSITE INDEX | 22546.67083 | -50.48 | -0.22% |
The Dow Jones Industrial Average gained 28 points, or 0.09%, after falling by as many as 83 points earlier in the day. The S&P 500 and the Nasdaq Composite, meanwhile, rallied 0.48% and 0.5%, respectively. All three of the major averages posted modest weekly gains.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 105.44 | +3.07 | +3.00% |
In stocks, Dow component Walt Disney Co. reported quarterly earnings and revenue that exceeded Wall Street estimates as its Disney+ streaming service added 21 million subscribers. Disney+ now has 94.9 million subscribers and the company believes it could reach 260 million users by 2024.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| EXPE | EXPEDIA GROUP INC. | 212.67 | -14.57 | -6.41% |
Expedia Inc. said full-year revenue fell 57% year over year as the COVID-19 pandemic snarled demand for travel bookings. Both quarterly earnings and profit were below Wall Street estimates.
With earnings season coming to an end, results are in from about three-quarters of S&P 500 companies and more than 80% have surpassed estimates.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BMBL | BUMBLE INC. | 2.75 | -0.04 | -1.43% |
Meanwhile, Bumble Inc. was in focus a day after soaring 64% in its Nasdaq debut. Shares of the dating-app developer settled at $70.31 apiece on Thursday after pricing at $43 the prior evening. Founder and CEO Whitney Wolfe Herd is now the world’s youngest self-made woman billionaire.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| IIVI | NO DATA AVAILABLE | - | - | - |
In deals, optoelectronic component maker II-VI Inc. is planning a nearly $6.5 billion bid for laser manufacturer Coherent Inc., according to a report from The Wall Street Journal. The offer, which would pay a mix of cash and stock equating to $260 per share, greater than offers made by MKS Instruments Inc. and Lumentum Holdings Inc.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| XOM | EXXON MOBIL CORP. | 148.45 | -1.48 | -0.99% |
| CVX | CHEVRON CORP. | 183.74 | +1.34 | +0.73% |
Oil majors Chevron Corp. and ExxonMobil Corp. gained as West Texas Intermediate crude oil climbed $1.23 to $59.47 per barrel.
Elsewhere in commodities, gold lost $3.30 to $1,821.60 an ounce while silver added 28 cents to $27.32 per ounce.
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European markets ended higher across the board with Britain's FTSE 100 advancing 0.94%, France’s CAC 40 climbing 0.6% and Germany's DAX 30 ticking up 0.06%.
In Asia, Japan’s Nikkei 225 slipped 0.14%. China’s Shanghai Composite index and Hong Kong’s Hang Seng index were closed for the Chinese New Year.