Stock market news for US stock market, US stocks, February 20, 2020
A decline for the US stock market after the recent record highs. Russell 2000 closed higher, all other 3 major US stock market indices closed lower. Tech stocks took the biggest hit.
How stock market, US stocks closed on Thursday, February 20, 2020-Financial and business news
- S&P 500: 3,373.23,-12.92(-0.38%)
- Dow 30: 29,219.98,-128.05(-0.44%)
- Nasdaq: 9,750.96,-66.21(-0.67%)
- Russell 2000: 1,696.07,+3.50(+0.21%)
Stocks biggest gainers
Stamps.com Inc. (STMP) was among stocks biggest gainers closing at
157.99+62.53 (+65.50%).
Stocks biggest losers
Aaron’s, Inc. (AAN) was among stocks biggest losers closing at 45.45-10.70 (-19.06%).
Stock investing | Stock trading | Most active stocks
Morgan Stanley (MS) was among most active stocks closing at 53.75-2.56 (-4.55%).
U.S. Sectors & Industries Performance
Real Estate was the best performing sector +1.15%, Information Technology was the worst performing sector, -1.01%.
Economic data
“Market participants will receive a check on the health of the U.S. manufacturing and services sectors in a set of economic data and earnings reports Friday.
IHS Markit is set to release its preliminary February U.S. purchasing managers’ index (PMI) at 8:30 a.m. ET.
Consensus economists expect the manufacturing PMI will pare back slightly to 51.5 from January’s three-month low of 51.9 in January. The services PMI will likely hold steady at 53.4, according to consensus estimates. Readings above the neutral level of 50 indicate expansion.”, source: https://finance.yahoo.com/news/deere-earnings-purchasing-managers-indices-what-to-know-in-markets-friday-001025316.html
Stock earnings
Notable earnings today include Deere & Co (DE), WABCO Holdings Inc (WBC).
Stock market update
All data about stock market, stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.
This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.