Stock market today February 10, 2021
February 10, 2021
Stock market today
A mixed close today for the US stock market. Dow Jones closed higher, but both S&P 500 and Nasdaq had losses. The closing numbers for the US stock maket today follow.
S&P 500: 3,909.88,-1.35(-0.03%)
Dow 30: 31,437.80,+61.97(+0.20%)
Russell 2000: 2,282.44,-16.56(-0.72%)
Stock market news today
“Stocks turned mostly lower Wednesday and the S&P 500 logged a second day of declines.
The Dow ended a tick above the flat line while both the S&P 500 and Nasdaq ended lower after rising to reach record highs shortly after market open. However, all three major indexes have performed strongly for February to date, as has the small-cap Russell 2000, which reached its own record high before turning slightly lower.
Companies that reported quarterly results in the last day largely topped expectations, adding to the pile of estimates-topping reports for last quarter.
Lyft’s stock (LYFT) surged more than 8% after the company said it could be profitable as soon as the third quarter this year, or a full quarter ahead of earlier estimates, thanks to rigorous cost-cutting measures. Shares of Twitter (TWTR) jumped 9% after the company’s sales grew more than expected and its profit beat estimates, though it warned that user growth will likely slow in 2021 after a pandemic-era boom.
So far, companies comprising more than three-quarters of the S&P 500’s market capitalization have reported fourth-quarter results. In aggregate, these results have topped expectations by nearly 17%, and 80% of companies beat their own projections, according to an analysis by Credit Suisse’s Jonathan Golub.
But even amid strong earnings and supportive monetary and fiscal policy, some strategists have begun to debate whether the recent leg higher in markets can be sustained in the very near-term as sentiment starts to get frothy.”
Stock market data: Yahoo Finance