Written by Gary
The S&P500 and Nasdaq eked out record closes despite giving up some gains on Tuesday. The S&P 500 rose 0.17%, Nasdaq Composite added 0.11% and the Dow Jones Industrial Average was flat. The announcement by the Federal Trade Commission of a regulatory probe into previous deals by large-cap tech companies cooled investor sentiment on stocks. Bonds sold off (10-year yield 1.604%) while oil remained quiet and gold settled lower.
The Market in Perspective
|Here are the headlines moving the markets.|
Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday.
Lyft Inc on Tuesday reported record quarterly revenue of more than $1 billion, but the ride-hailing company forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, sending shares down.
Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.
The S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday after Chinese officials said the deadly coronavirus epidemic could be contained by April.
The Federal Aviation Administration says it agrees with recommendations made by the U.S. Transportation Department’s Inspector General that faulted its oversight of Southwest Airlines Co, according to a final report seen by Reuters ahead of its release later this week.
Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy’s long-term health.
Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.
The Federal Trade Commission has issued special orders to Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday.
Major U.S. and European stock indexes surged to fresh records on Tuesday after China’s senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.
China’s virus outbreak could infect India’s weak economyThe virus epidemic will weigh on India’s outlook at a time when the govt is forecasting a rebound, the CEA said.
Inside India’s new plan to power EV dreamEVs charging infrastructure will be available at every four kilometres in big cities within a year, sources said.
The clear message from Delhi electionsPeople didn’t just recognise AAP’s work, but also rewarded it with their votes. That is a significant shift.
Written by Sig Silber
Headlines – “…A High Risk of excessive rainfall has been issued for central Mississippi, northern Alabama, and northern Georgia through Tuesday morning……Heavy snow is possible over parts of the Southern/Central Rockies……Another round of heavy rain to enter the Lower Mississippi and Tennessee valleys on Wednesday, with light-to-moderate snow possible over portions of the Midwest and Ohio Valley…”
Written by Jim Welsh
Weekly Technical Review 10 February 2020.
As the S&P 500 was making a new high on February 6, 227 stocks in the S&P 500 were actually down year to date. The mega cap stocks (Microsoft, Apple, Amazon, Facebook, and Alphabet Class A&C) comprised 18.1% of the S&P 500 as of February 7 and have enabled the S&P 500 to make a new high. As long as these 5 stocks continue to attract money from momentum investors, the S&P 500 can make marginal new highs and help the overall market hold up.
Samsung Electronics Co. Ltd. announced a new lineup of its popular Galaxy smartphones Tuesday, with growing prices that will move in an opposite direction of rival Apple Inc.’s iPhones.
The S&P 500 and Nasdaq notch record closes on Tuesday, but the Dow finishes virtually unchanged.
Lyft Inc. reported its first quarter with more than $1 billion in revenue on Tuesday, but shares slipped in late trading.
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