Nasdaq hits record ahead of Apple, Microsoft earnings this week
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The Nasdaq Composite soared to a record high Monday morning as investors readied for a busy week of technology earnings.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:COMP | NASDAQ COMPOSITE INDEX | 13589.022268 | +45.96 | +0.34% |
| SP500 | S&P 500 | 3843.92 | +2.45 | +0.06% |
| I:DJI | DOW JONES AVERAGES | 30884.87 | -112.11 | -0.36% |
The tech-heavy Nasdaq Composite was higher by 1.06% while the S&P 500 rose 0.28%. The Dow Jones Industrial Average, meanwhile, was down 134 points, or 0.43%.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 142.38 | +3.31 | +2.38% |
| FB | FACEBOOK INC. | 276.79 | +2.29 | +0.83% |
| MSFT | MICROSOFT CORP. | 228.65 | +2.69 | +1.19% |
| TSLA | TESLA INC. | 871.03 | +24.39 | +2.88% |
The early advance has the Nasdaq on track for a fourth straight record-high close as investors await earnings from heavyweights Apple Inc., Facebook Inc., Microsoft Corp. and Tesla Inc. later this week.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SBUX | STARBUCKS CORPORATION | 103.43 | -0.48 | -0.46% |
| MCD | MCDONALD’S CORP. | 213.08 | -0.40 | -0.19% |
Other companies set to report their quarterly results this week include McDonald’s Corp. and Starbucks Corp. as well as the major airlines, among others.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MRK | MERCK & CO. INC. | 80.86 | -0.10 | -0.13% |
| PFE | PFIZER INC. | 37.07 | +0.52 | +1.43% |
| BNTX | BIONTECH SE | 109.42 | +0.98 | +0.90% |
Elsewhere, Merck & Co. ended its pursuit of a COVID-19 vaccine and will instead focus on the development of therapeutics for those who already have the disease.
The Pfizer-BioNTech vaccine was approved for emergency use in Australia and AstraZeneca Plc told European Union officials that production problems would result in the delivery of 60% fewer vaccines than promised in the first quarter.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 4.52 | +1.00 | +28.39% |
Meanwhile, AMC Entertainment raised $917 million in debt and equity, tabling talk the embattled movie chain would file for bankruptcy. The company said the funds extends its financial runway “deep into 2021.”
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 82.47 | +17.72 | +27.37% |
GameStop shares squeezed higher Monday as short-sellers continued to rush for the exit after short interest recently reached more than 150% of shares outstanding. The stock had soared 226% from its Jan. 12 close through Friday.
In commodities, West Texas Intermediate crude oil slipped 9 cents to $52.18 per barrel and gold added $8.20 to $1,864.40 per ounce.
European markets were lower across the board with Britain’s FTSE 100 weaker by 0.92% while France’s CAC 40 and Germany’s DAX 30 were both down 1.22%.
In Asia, China’s Shanghai Composite index added 0.49%, Japan’s Nikkei 225 advanced 0.67% and Hong Kong’s Hang Seng index climbed 2.41%.
