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 | 13718.399073 | +175.34 | +1.29% |
SP500 | S&P 500 | 3855.19 | +13.72 | +0.36% |
I:DJI | DOW JONES AVERAGES | 30868.86 | -128.12 | -0.41% |
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. | 144.83 | +5.76 | +4.14% |
FB | FACEBOOK INC. | 276.30 | +1.80 | +0.66% |
MSFT | MICROSOFT CORP. | 227.45 | +1.50 | +0.66% |
TSLA | TESLA INC. | 898.67 | +52.03 | +6.15% |
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 | 103.46 | -0.45 | -0.43% |
MCD | MCDONALD’S CORP. | 212.73 | -0.75 | -0.35% |
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. | 80.44 | -0.53 | -0.65% |
PFE | PFIZER INC. | 36.73 | +0.18 | +0.50% |
BNTX | BIONTECH SE | 109.37 | +0.93 | +0.86% |
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 | 4.45 | +0.93 | +26.28% |
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 | 89.73 | +24.98 | +38.58% |
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%.