Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

S&P 500 hovers near record, GE jumps on break-up plan

by
November 9, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Wall Street pros reveal their top defense stocks — and the same names keep coming up

Fears grow for untold numbers buried by Turkey earthquake

U.S. stocks were slightly lower Tuesday, hovering near records as investors digested new inflation data.

The Dow Jones Industrial Average shed about 85 points, or 0.2%. The S&P 500 dipped 0.1% and the Nasdaq Composite ticked down 0.2%.

Wholesale prices jumped 8.6% in October from a year ago, the hottest annual pace on record in nearly 11 years, the Labor Department said Tuesday. The October producer price index rose 0.6% month over month, in line with the Dow Jones consensus estimate. The reading measures the costs of final-demand manufactured goods.

Investors are awaiting the release of another key inflation reading Wednesday. The closely watched October consumer price index is also expected to show a 0.6% jump compared to the prior month.

Shares of GE rallied roughly 6% after the industrial giant announced it will split into three public companies focusing on aviation, healthcare and energy. The stock led gains on the S&P 500.

NVIDIA shares rose about 3% after the company said it was joining forces with several self-driving sensor companies on safety systems that automakers will be able to deploy as soon as 2024. The semiconductor stock was among the S&P 500 and the Nasdaq Composite’s top gainers.

On the downside, PayPal shares dropped more than 10% after the digital payments company missed on quarterly revenue expectations and issued weaker-than-expected fourth-quarter and full-year guidance. The stock was the biggest laggard on the S&P 500 and the Nasdaq Composite.

All three major averages rose to new highs in Monday’s regular trading session, which marked the S&P 500’s 64th record close of the year.

Infrastructure-related stocks were among Monday’s biggest winners after the House passed the spending package on Friday evening.

“The passing of the traditional infrastructure bill is a strong positive for the economy and for markets, as it should result in positive ROI [return on investment] for the country,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.

Strong earnings results have also supported stocks in running to new highs. Through Tuesday morning, 459 companies in the S&P 500 have reported quarterly results, with 81% beating earnings estimates.

“With Q3 earnings season winding down, economic data and the progress in economic re-openings will gain in importance in investors’ focus from here to the end of the year,” noted John Stoltzfus, chief investment strategist at Oppenheimer Asset Management.

ShareTweetPin

Related Posts

Wall Street pros reveal their top defense stocks — and the same names keep coming up

by
February 8, 2023
0

The war in Ukraine -- now nearing its one-year anniversary -- and the shooting down of an alleged Chinese surveillance...

Fears grow for untold numbers buried by Turkey earthquake

by
February 8, 2023
0

Mesut Hancer holds the hand of his 15-year-old daughter Irmak, who died in the earthquake in Kahramanmaras, close to the...

Goldman Sachs strategist reveals the ‘cheap’ sectors to own right now

by
February 8, 2023
0

Bank stocks are "inexpensive," and commodity companies look "cheap" in this high interest-rate environment, according to Goldman Sachs' Sharon Bell....

Why Biden’s 4% buyback tax could boost stock prices and dividends

by
February 8, 2023
0

The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually...

Facebook co-founder funds research into cooling the Earth with sunlight reflection

by
February 8, 2023
0

This photograph taken on May 11, 2022 shows Shivaram, a villager walking through the cracked bottom of a dried-out pond...

Next Post

Wholesale prices rose 8.6% year over year in October, tied for highest ever

Cash in, fraud out: Criminals target bitcoin ATMs as crypto popularity surges

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com