S&P 500, Nasdaq capture new highs

Consumer Confidence for Feb. shows Americans are happy

U.S. equity markets ended the week on a mixed note as investors evaluated better-than-expected fourth-quarter corporate earnings and generally positive economic data against the number of new coronavirus cases which soared for a second day.

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The Nasdaq notched a new record, as did the S&P 500 which posted modest gains.

TickerSecurityLastChangeChange %
SP500S&P 5002703.26+39.58+1.49%
I:COMPNASDAQ COMPOSITE INDEX7989.794836+76.56+0.97%

The Dow Jones Industrials fell dragged lower by United Health and IBM. Despite the mixed Friday performance, stocks ended the week higher.

TickerSecurityLastChangeChange %
I:DJIDOW JONES AVERAGES23166.39+486.40+2.14%
UNHUNITEDHEALTH GROUP INCORPORATED252.70+4.36+1.76%
IBMINTERNATIONAL BUSINESS MACHINES CORP.117.81+3.00+2.61%

On the economic front, retail sales for the month of January rose 0.3 percent, while a small gain, economists viewed the data point as a positive.

CONSUMER SPEND, ALBEIT IT LESS, IN JANUARY

And Consumer Sentiment for February rose to 100.9 according to Univesity of Michigan which noted it just about "matched the expansion peak of 101.4, set two years ago in March 2018."

As for the coronavirus, China's National Health Commission said Friday the number of coronavirus cases rose by 5,090 to at least 63,851 as the death toll rose by 121 to 1,380. The outbreak could delay China's purchases of an additional $200 billion of U.S. products, which were promised in the partial trade agreement between the two countries. The pact goes into effect on Friday.

Among individual companies, Royal Caribbean fell after canceling 18 cruises in Southeast Asia and warning the coronavirus would weigh on its full-year earnings. Rivals Carnival and Norwegian Cruise Line fell in sympathy.

TickerSecurityLastChangeChange %
RCLROYAL CARIBBEAN CRUISES36.64+7.03+23.74%
CCLCARNIVAL CORP.12.00+1.79+17.53%
NCLHNORWEGIAN CRUISE LINE HOLDINGS LTD.11.81+1.80+17.98%

Tesla was lower after a Securities and Exchange Commission filing showed the electric-vehicle maker priced its secondary stock offering at $767 a share.

Pinterest slipped after Facebook announced the launch of a competing app.

TickerSecurityLastChangeChange %
TSLATESLA INC.545.44+29.20+5.66%
PINSPINTEREST INC.15.04-0.17-1.15%
FBFACEBOOK INC.168.96+3.41+2.06%

On the earnings front, streaming service Roku posted fourth-quarter and full-year sales that topped Wall Street estimates and predicted 2020 revenue above expectations.

Travel platform Expedia reported adjusted fourth-quarter earnings that were ahead of analysts' forecasts and suspended its 2020 guidance due to uncertainty from the coronavirus.

Nvidia reported better-than-expected first-quarter revenue, boosted by demand from cloud-computing vendors, and set its current-quarter revenue target above forecasts.

Canopy Growth shares soared after the marijuana producer's fiscal third-quarter loss widened from a year ago, but not by as much as analysts were expecting.

TickerSecurityLastChangeChange %
ROKUROKU INC88.86-0.63-0.70%
EXPEEXPEDIA GROUP, INC.56.97+4.14+7.84%
NVDANVIDIA CORPORATION264.68-3.72-1.39%
CGCCANOPY GROWTH CORP14.83+0.49+3.44%

Commodities were mixed, with West Texas Intermediate crude oil rising to $52.08 a barrel and gold up to $1,585 an ounce.

U.S. Treasurys gained, pushing the yield on the 10-year note down 2.5 basis points to 1.592 percent.

In Europe, Britain’s FTSE was down 1 percent while France's CAC was little changed. Meanwhile, Germany’s DAX was the lone gainer, up 0.3 percent.

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Asian markets finished mixed, with China’s Shanghai Composite and Hong Kong's Hang Seng adding 0.4 percent and 0.3 percent, respectively, while Japan’s Nikkei shed 0.6 percent.