S&P 500, Nasdaq hit record highs with Apple, Tesla earnings on tap
Gamco Investors chairman and CEO joins ‘Barron’s Roundtable’
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 | 13635.991758 | +92.93 | +0.69% |
SP500 | S&P 500 | 3855.36 | +13.89 | +0.36% |
I:DJI | DOW JONES AVERAGES | 30960 | -36.98 | -0.12% |
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. | 142.92 | +3.85 | +2.77% |
FB | FACEBOOK INC. | 278.01 | +3.51 | +1.28% |
MSFT | MICROSOFT CORP. | 229.53 | +3.58 | +1.58% |
TSLA | TESLA INC. | 880.80 | +34.16 | +4.03% |
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 CORPORATION | 103.45 | -0.46 | -0.44% |
MCD | MCDONALD’S CORP. | 213.34 | -0.04 | -0.02% |
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. | 81.15 | +0.17 | +0.21% |
PFE | PFIZER INC. | 37.28 | +0.73 | +2.00% |
BNTX | BIONTECH SE | 110.61 | +2.17 | +2.00% |
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 | 4.42 | +0.91 | +25.93% |
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 | 76.79 | +11.78 | +18.12% |
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%.