Stock market news February 10 2020

Stock market news for February 10 2020

Another day with strong gains for the US stock market.

Feb 10 (Reuters) – U.S. stocks rose and the Nasdaq hit a record high on Monday, as a recent set of strong domestic economic data and largely upbeat fourth-quarter earnings tempered worries about the impact of the coronavirus outbreak on global growth. Of the 324 S&P 500 companies that have reported quarterly results so far, about 71% have beaten earnings estimates, which is above the long-term average of 65%, according to IBES data from Refinitiv.

Stock market source: https://finance.yahoo.com/news/us-stocks-wall-street-higher-170540815.html

How stock market, US stocks closed on Monday, February 10, 2020-Financial and business news

  • S&P 500: 3,352.09,+24.38(+0.73%)
  • Dow 30: 29,276.82,+174.31(+0.60%)
  • Nasdaq: 9,628.39,+107.88(+1.13%)
  • Russell 2000: 1,667.67,+10.89(+0.66%)

Stocks biggest gainers

Taubman Centers, Inc. (TCO) was among stocks biggest gainers closing at
53.12+18.45 (+53.22%).

TCO daily stock chart | stocks | stock market
TCO daily stock chart | stocks | stock market

Stocks biggest losers

Alector, Inc. (ALEC) was among stocks biggest losers closing at
29.26-6.02 (-17.06%).

ALEC daily stock chart | stocks | stock market
ALEC daily stock chart | stocks | stock market

Stock investing | Stock trading | Most active stocks

Slack Technologies, Inc. (WORK) was among most active stocks closing at 26.54+3.55 (+15.44%).

WORK daily stock chart | stocks | stock market
WORK daily stock chart | stocks | stock market

U.S. Sectors & Industries Performance

Information Technology was the best performing sector +1.35%, Energy was the worst performing sector -0.81%.

Stock earnings today

Notable stock earnings today include Under Armour Inc (UAA), Goodyear Tire & Rubber Co (GT), Hasbro Inc (HAS), LYFT Inc (LYFT), Travelzoo (TZOO).

Stock market update

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

This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.

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