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 | 15611.759799 | -100.99 | -0.64% |
SP500 | S&P 500 | 5048.42 | -23.21 | -0.46% |
I:DJI | DOW JONES AVERAGES | 38085.8 | -375.12 | -0.98% |
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. | 169.89 | +0.87 | +0.51% |
FB | n.a. | n.a. | n.a. | n.a. |
MSFT | MICROSOFT CORP. | 399.04 | -10.02 | -2.45% |
TSLA | TESLA INC. | 170.18 | +8.05 | +4.97% |
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. | 87.84 | -0.91 | -1.03% |
MCD | MCDONALD'S CORP. | 275.60 | -1.09 | -0.39% |
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. | 130.66 | +3.65 | +2.87% |
PFE | PFIZER INC. | 25.27 | -0.98 | -3.75% |
BNTX | BIONTECH SE | 86.71 | -1.38 | -1.57% |
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 | 3.28 | -0.01 | -0.16% |
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. | 11.21 | +0.28 | +2.56% |
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%.