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The S&P 500 and the Nasdaq Composite climbed to record highs Monday as investors readied for a busy week of technology earnings and the busiest for the fourth quarter reporting season.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:COMP | NASDAQ COMPOSITE INDEX | 12920.147675 | +196.68 | +1.55% |
| SP500 | S&P 500 | 3841.94 | +73.47 | +1.95% |
| I:DJI | DOW JONES AVERAGES | 31496.3 | +572.16 | +1.85% |
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The benchmark S&P 500 added 0.36% and the tech-heavy Nasdaq Composite was higher by 0.69% while the Dow Jones Industrial Average fell 36 points, or 0.12%. The Dow finished 0.7% below its own record peak.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE, INC. | 121.42 | +1.29 | +1.07% |
| FB | FACEBOOK, INC. | 264.28 | +6.64 | +2.58% |
| MSFT | MICROSOFT CORP. | 231.60 | +4.87 | +2.15% |
| TSLA | TESLA, INC. | 597.95 | -23.49 | -3.78% |
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The advance gave the Nasdaq a fourth straight record-high close as investors await earnings from heavyweights Apple Inc., Facebook Inc., Microsoft Corp. and Tesla Inc. later this week.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SBUX | STARBUCKS CORP. | 105.20 | +0.31 | +0.30% |
| MCD | MCDONALD'S CORP. | 207.37 | +2.53 | +1.24% |
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Other companies set to report their quarterly results over the next five days include McDonald's Corp. and Starbucks Corp. as well as the major airlines, among others.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MRK | MERCK & CO., INC. | 73.14 | +0.98 | +1.36% |
| PFE | PFIZER INC. | 34.37 | +0.12 | +0.35% |
| BNTX | BIONTECH SE | 96.20 | +1.05 | +1.10% |
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Elsewhere, Merck & Co. ended its pursuit of a COVID-19 vaccine and will instead focus on the development of therapeutics for those who already have the disease.
The Pfizer-BioNTech vaccine was approved for emergency use in Australia and AstraZeneca Plc told European Union officials that production problems would result in the delivery of 60% fewer vaccines than promised in the first quarter.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 8.05 | +0.02 | +0.25% |
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Meanwhile, AMC Entertainment raised $917 million in debt and equity, tabling talk the embattled movie chain would file for bankruptcy. The company said the funds extends its financial runway "deep into 2021."
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP | 137.74 | +5.39 | +4.07% |
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GameStop shares squeezed higher Monday as short-sellers continued to rush for the exit after short interest recently reached more than 150% of shares outstanding. The stock had soared 226% from its Jan. 12 close through Friday.
In commodities, West Texas Intermediate crude oil rallied 50 cents to $52.77 per barrel and gold slipped 80 cents to $1,854.90 per ounce.
European markets were lower across the board with Britain’s FTSE 100 weaker by 0.84% while France’s CAC 40 fell 1.57% and Germany’s DAX 30 lost 1.66%.
In Asia, China’s Shanghai Composite index added 0.49%, Japan’s Nikkei 225 advanced 0.67% and Hong Kong’s Hang Seng index climbed 2.41%.