S&P 500, Nasdaq hit record highs with Apple, Tesla earnings on tap
Apple, Facebook, Microsoft and Tesla report this week
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 | 15927.900321 | +316.14 | +2.03% |
SP500 | S&P 500 | 5099.96 | +51.54 | +1.02% |
I:DJI | DOW JONES AVERAGES | 38239.66 | +153.86 | +0.40% |
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. | 169.30 | -0.59 | -0.35% |
FB | n.a. | n.a. | n.a. | n.a. |
MSFT | MICROSOFT CORP. | 406.32 | +7.28 | +1.82% |
TSLA | TESLA INC. | 168.29 | -1.89 | -1.11% |
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. | 88.25 | +0.41 | +0.47% |
MCD | MCDONALD'S CORP. | 273.11 | -2.46 | -0.89% |
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. | 131.20 | +0.48 | +0.37% |
PFE | PFIZER INC. | 25.39 | +0.12 | +0.47% |
BNTX | BIONTECH SE | 87.21 | +0.50 | +0.58% |
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 | 3.40 | +0.13 | +3.97% |
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 CORP. | 11.90 | +0.69 | +6.16% |
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%.