Stock Market Overview
Thu, Feb 8th, 2024
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S&P 500 and Nasdaq 100 Post Record Highs on Solid Earnings
Barchart - Thu Feb 8, 3:53PM CST
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.16%.
Stocks on Thursday settled slightly higher, with the S&P 500 and Nasdaq 100 posting new record highs. Stock indexes eked out modest gains Thursday on some solid corporate earnings results and strength in chip stocks. Stock gains were limited as signs of strength in the U.S. labor market and hawkish Fed comments pushed T-note yields higher.
On the positive side, Walt Disney closed up more than +11% after reporting stronger-than-expected Q1 adjusted EPS and forecasting full-year adjusted EPS above consensus. Also, Ralph Lauren surged more than +16% after reporting Q3 total comparable sales ex-forex well above consensus.
On the negative side, PayPal Holdings closed down more than -11% after reporting fewer than expected Q4 active customer accounts and foreca... Read more
Commercial Real Estate: Crisis and Opportunities
Due Inc. - Thu Feb 8, 5:24PM CST
The commercial real estate market has been in turmoil over the past two years, experiencing a significant downturn. The market has seen a 40% drawdown since early 2022. The severity of this decline has...
US applications for unemployment benefits fall again despite recent layoff announcements
AP - Thu Feb 8, 4:30PM CST
The number of Americans filing for jobless claims fell last week despite more layoff announcements from high-profile companies recently
S&P 500 and Nasdaq 100 Post Record Highs on Solid Earnings
Barchart - Thu Feb 8, 3:53PM CST
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed...
Stock market today: Wall Street edges up to set more records, as S&P 500 briefly tops 5,000
AP - Thu Feb 8, 3:41PM CST
U.S. stocks ticked higher to set more records as evidence piled up to show the job market remains remarkably solid
Leggett & Platt (NYSE:LEG) Q4: Beats On Revenue But Stock Drops
StockStory - Thu Feb 8, 3:32PM CST
Leggett & Platt (NYSE:LEG) Q4: Beats On Revenue But Stock Drops
Flowers Foods's (NYSE:FLO) Q4 Earnings Results: Revenue In Line With Expectations
StockStory - Thu Feb 8, 3:28PM CST
Flowers Foods's (NYSE:FLO) Q4 Earnings Results: Revenue In Line With Expectations
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