Stock market

12 Oct: Stock market today October 12, 2020

Stock market today

The US stock market close today was at a 6-week high Nasdaq Outperformed and Dow Jones gained 250 points. The closing numbers for the US stock market today:

S&P 500: 3,534.22,+57.09(+1.64%)
Dow 30: 28,837.52,+250.62(+0.88%)
Nasdaq: 11,876.26,+296.32(+2.56%)
Russell 2000: 1,648.34,+10.80(+0.66%)

Stocks today

Stocks that moved today, were trending stocks:

Apple Inc. (AAPL): 124.40+7.43 (+6.35%)

Amazon.com, Inc. (AMZN): 3,442.93+156.28 (+4.75%)

Medley Management Inc. (MDLY): 1.1000+0.5049 (+84.84%)

Cloudflare, Inc. (NET): 57.04+10.69 (+23.06%)

All stock quotes, stock prices at the close of the US stock market today.

Stock market data: Yahoo Finance

12 Oct: Top stock market events this week, third-quarter earnings season starts, and fiscal stimulus talks

stock market news

Top stock market events this week include the third-quarter earnings season and stimulus talks.

“Third-quarter earnings season kicks off this week in earnest with a plethora of major banks reporting results.

While analysts have recently upgraded their expectations for earnings results across S&P 500 companies, most companies are still likely to report declines in profits over last year, with the effects of the coronavirus pandemic still lingering.

Q3 earnings season expectations
Second-quarter corporate earnings overwhelmingly topped a low bar of expectations, with Wall Street having braced for businesses to see activity hit a nadir during the worst of virus-related stay-in-place orders in late spring and early summer.

A record 84% of S&P 500 companies reported positive surprises for earnings per share (EPS) in the second quarter, even as EPS declined, in aggregate, by more than 30%, according to data from FactSet.

Those better-than-feared second-quarter results have also led analysts to deliver rare upward revisions to their estimates for third-quarter results – in turn leaving a potential for companies to disappoint against heightened expectations.

“The Q3 bottom-up EPS estimate (which is an aggregation of the median EPS estimates for Q3 for all the companies in the index and can be used as a proxy for the earnings for the index) increased by 4.1% (to $33.10 from $31.78) from June 30 to September 30,” FactSet’s John Butters said in a note on Friday. Six sectors recorded increases in estimates, including the consumer discretionary, energy, financials and materials sectors.

During the past five years, bottom-up EPS estimates had been revised down by an average 5.0%, Butters added. This marked the first time analysts raised their EPS estimates for S&P 500 companies during a quarter since the second quarter of 2018. Prior to 2018, S&P 500 EPS estimates hadn’t been raised since 2010.

But even with their upward revisions, analysts still expect that S&P 500 EPS will drop in aggregate by 20.5% over last year for the third quarter, according to FactSet data. If realized, this would mark the second largest year-over-year drop in earnings for the index since the second quarter of 2009.”

stock earnings

Stocks that can move due to earnings releases include the following. The list includes bank stocks, airline stocks, and more.

Earnings calendar
Monday: N/A

Tuesday: JPMorgan Chase (JPM), BlackRock (BLK), Johnson & Johnson (JNJ), Fastenal (FAST), Delta Airlines (DAL), Citigroup (C) before market open

Wednesday: Bank of America (BAC), PNC Financial Services Group (PNC), The Progressive Corp. (PGR), UnitedHealth Group (UNH), US Bancorp (USB), Goldman Sachs (GS), Wells Fargo (WFC) before market open; Alcoa (AA), United Airlines (UAL) after market close

Thursday: Charles Schwab (SCHW), Truist Financial Corp (TFC), Walgreens Boots Alliance (WBA), Morgan Stanley (MS) before market open

Friday: Bank of New York Mellon (BK), VF Corp (VFC), E-Trade Financial Corp (ETFC), Schlumberger (SLB), Kansas City Southern (KSU), Honeywell (HON), Citizens Financial Group (CFG), Ally Financial (ALLY), State Street Corp (STT)

Stock market data: Yahoo Finance

08 Oct: Stock market today October 8, 2020

Stock market today

A scecond consecutive day with gains for the US stock market. Small-cap stocks outperformed. Dow gained more than 120 points. How the stock market closed today:

S&P 500: 3,446.83,+27.38(+0.80%)
Dow 30: 28,425.51,+122.05(+0.43%)
Nasdaq: 11,420.98,+56.38(+0.50%)
Russell 2000: 1,628.55,+17.51(+1.09%)

Stock market news

“In minutes released Wednesday covering the central bank’s September meeting, the central bank said that “many participants noted that their economic outlook assumed additional fiscal support and that if future fiscal support was significantly smaller or arrived significantly later than they expected, the pace of the recovery could be slower than anticipated.”

Another sign of tepid economic activity arrived Thursday via the Labor Department’s weekly jobless claims report, which checked in at 840,000. Consensus economists expect to see another 820,000 new claims filed last week, up marginally from the prior week. However, continuing claims — a closely watched metric — fell unexpectedly to below 11 million.”

Stock market data: Yahoo Finance

29 Sep: Stock market today September 29, 2020

Stock market today

The US stock market closed moderately lower today. The closing numbers for the stock market today at the close:

S&P 500: 3,335.47,-16.13(-0.48%)
Dow 30: 27,452.66,-131.40(-0.48%)
Nasdaq: 11,085.25,-32.28(-0.29%)
Russell 2000: 1,504.73,-5.62(-0.37%)

Commodities

At 5:20 PM, ET time today crud eoil was lwer, but gold price higher.

Crude Oil: 39.11,-1.49(-3.67%)
Gold: 1,903.00,+20.70(+1.10%)

Bonds

The 10-yr bond yield today closed at 0.6450-0.0180 (-2.71%).

Stock market data: Yahoo Finance

25 Sep: Stock market today September 25, 2020

Stock market today

A higher close for the US stock market today, tech stocks outperformed. Nasdaq rose more than 240 points. The closing numbers for the US stock market today:

S&P 500 3,298.46,+51.87(+1.60%)
Dow 30: 27,173.96,+358.52(+1.34%)
Nasdaq: 10,913.56,+241.29(+2.26%)
Russell 2000: 1,474.09,+22.27(+1.53%)

Stock market data: Yahoo Finance

Stock news

Costco Wholesale Corporation (COST) stock closed at 342.58-4.42 (-1.27%).

“Costco (COST) shares opened lower Friday despite reporting better-than-expected fiscal fourth quarter results after market close on Thursday. Adjusted earnings were $3.13 per share on revenue of $53.38 billion, with the top line figure rising 12% over last year and accelerating from the previous quarter. Consensus analysts had been looking for $2.85 per share on revenue of $52.5 billion.

However, Costco also reported an increase in Covid-19 related expenses. Incremental pre-tax expenses were $281 million in Costco’s fourth quarter, due to higher wages and sanitation costs.”

Source: Yahoo Finance

16 Sep: Stock market today September 16, 2020

Stock market today

A mixed close for the US stock market today. Tech stocks underperformed, Nasdaq fell more than 130 points, Dow Jones gained about 37 points. Small-cap stocks outperformed.

S&P 500: 3,385.49,-15.71(-0.46%)
Dow 30: 28,032.38,+36.78(+0.13%)
Nasdaq: 11,050.47,-139.86(-1.25%)
Russell 2000: 1,552.33,+14.17(+0.92%)

Stock market data: Yahoo Finance

Stock market news

“Stocks erased earlier gains and turned mixed Wednesday afternoon as investors considered the Federal Open Market Committee’s (FOMC) September monetary policy statement and remarks from Federal Reserve Chair Jerome Powell. Officials signaled that rates would remain near-zero through 2023, as policymakers look to boost the virus-stricken economy.

In its monetary policy statement Wednesday, central bank officials reiterated that “the path of the economy will depend significantly on the course of the virus.”

“The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” according to the statement.

With the virus continuing to anchor growth, policymakers released new forecasts reflecting their expectation that rates would remain historically low in order to support economic activity. The Fed’s updated Summery of Economic Projections released Wednesday showed US central bank officials anticipate that rates will remain near zero through 2023, the longest duration included in their projections.

Still, the Fed’s outlook for the contraction in US economic activity became slightly less dire following their September meeting. The Fed forecast a 3.7% contraction in real GDP and an unemployment rate of 7.6% by the end of the year, versus its June outlook for a 6.5% GDP contraction and jobless rate of 9.3%.

The Fed added that it would continue its current Treasury and mortgage-backed securities purchases “at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions.”

Market participants also considered Fed Chair Powell’s remarks following the release of the monetary policy statement. In these, Powell again nudged for congressional lawmakers to pass more legislation targeted directly at helping Main Street businesses and households, with the initial faster-than-expected economic recovery in recent months threatened as enhanced unemployment benefits and other direct support measures expired. Both Powell and other FOMC members have repeatedly underscored the importance of fiscal policy in tandem with monetary policy as being essential to the economic recovery.”

Stock market data: Yahoo Finance

10 Sep: Stock market news for September 9, 2020

Stock market news

A higher close for the US stock market, tech stocks outperforned. The closing numbers for the US stock market on September 9, 2020:

S&P 500: 3,398.96,+67.12(+2.01%)
Dow 30: 27,940.47,+439.58(+1.60%)
Nasdaq: 11,141.56,+293.87(+2.71%)
Russell 2000: 1,528.56,+23.97(+1.59%)

Stock market volatility

The CBOE Volatility Index (^VIX) closed lower at 28.81-2.65 (-8.42%).

STOCK MOVERS

Intra-Cellular Therapies, Inc. (ITCI) stock gained more than 70% closing at 31.86+13.43 (+72.87%).

STOCK GAINERS

Intra-Cellular Therapies Inc. (ITCI): 31.86,+ 13.43 +72.87%
Trillium Therapeutics Inc. (TRIL): 13.59,+ 4.13 +43.66%
Watford Holdings Ltd. (WTRE): 22.30,+ 4.43 +24.79%

STOCK LOSERS

Bristol Myers Squibb Co. Rt (BMY.RT): 1.84, -0.46 -20.00%
MasterCraft Boat Holdings Inc. (MCFT): 18.12, -4.34 -19.32%
VivoPower International PLC (VVPR): 7.90 -1.82 -18.72%

MOST ACTIVE STOCKS

Apple Inc. (AAPL): 117.32, +4.50 +3.99%
General Electric Co. (GE): 6.16,+ 0.02 +0.33%
NIO Inc. ADR (NIO): 18.09,+ 1.06 +6.22%

Stock market source: WSJ

STOCK MARKET, U.S. SECTORS & INDUSTRIES PERFORMANCE

The Information Technology sector was the best performing sector +3.35%, the Energy sector was the worst performing sector +0.62%.

STOCK MARKET, U.S. SECTORS & INDUSTRIES PERFORMANCE, September 9, 2020
STOCK MARKET, U.S. SECTORS & INDUSTRIES PERFORMANCE, September 9, 2020

Source: Fidelity

STOCK MARKET UPDATE

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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