Stock market updates: S&P 500 rises to a fresh record closing huge
Stocks concluded higher on Friday, with the S&P 500 and Nasdaq closing out the session at record levels. The S&P 500 and Nasdaq each rose about 0.5 %, even though the Dow concluded only a tick above the flatline. U.S. stocks shook off earlier declines after following a drop in overseas equities, after new data […]

Stocks concluded higher on Friday, with the S&P 500 and Nasdaq closing out the session at record levels.

The S&P 500 and Nasdaq each rose about 0.5 %, even though the Dow concluded only a tick above the flatline. U.S. stocks shook off earlier declines after following a drop in overseas equities, after new data showed that UK gross domestic product (GDP) slumped by a report 9.9 % in 2020 as a virus induced recession swept the nation.

Shares of Dow component Disney (DIS) reversed earlier benefits to fall greater than 1 % and guide back from a record high, after the company posted a surprise quarterly benefit and grew Disney+ streaming subscribers much more than expected. Newly public company Bumble (BMBL), which started trading on the Nasdaq on Thursday, rose another seven % after jumping sixty three % in the public debut of its.

Over the past couple weeks, investors have absorbed a bevy of stronger than expected earnings benefits, with company earnings rebounding faster than expected inspite of the ongoing pandemic. With over 80 % of companies these days having reported fourth-quarter results, S&P 500 earnings per share (EPS) have topped estimates by 17 % in aggregate, and bounced back above pre-COVID levels, based on an analysis by Credit Suisse analyst Jonathan Golub.

generous government action and "Prompt mitigated the [virus related] damage, leading to outsized economic and earnings surprises," Golub said. "The earnings recovery has been substantially more powerful than we could have dreamed when the pandemic for starters took hold."

Stocks have continued to set up fresh record highs against this backdrop, and as fiscal and monetary policy support stay strong. But as investors become used to firming corporate performance, businesses may have to top greater expectations in order to be rewarded. This could in turn put some pressure on the broader market in the near term, and also warrant much more astute assessments of specific stocks, based on some strategists.

"It is no secret that S&P 500 performance has long been pretty strong over the past several calendar years, driven mostly through valuation development. Nonetheless, with the index P/E [price-to-earnings ratio] recently eclipsing its prior dot-com high, we believe that valuation multiples will begin to compress in the coming months," BMO Capital Markets strategist Brian Belski wrote in a note Thursday. "According to our work, strong EPS growth is going to be necessary for the following leg greater. Thankfully, that is precisely what existing expectations are forecasting. However, we additionally discovered that these kinds of' EPS-driven' periods tend to be more challenging from an investment strategy standpoint."

"We think that the' easy money days' are actually more than for the time being and investors will need to tighten up their aim by evaluating the merits of specific stocks, as opposed to chasing the momentum laden strategies which have just recently dominated the expense landscape," he added.

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4:00 p.m. ET: Stocks end higher, S&P 500 and Nasdaq reach history closing highs
Here is where the major stock indexes ended the session:

S&P 500 (GSPC): +18.55 points (+0.47 %) to 3,934.93

Dow (DJI): +27.44 points (+0.09 %) to 31,458.14

Nasdaq (IXIC): +69.70 points (+0.5 %) to 14,095.47

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2:58 p.m. ET:' Climate change' would be the most-cited Biden policy on company earnings calls: FactSet
Fourth-quarter earnings season marks the very first with President Joe Biden in the White House, bringing the latest political backdrop for corporations to contemplate.

Biden's policies around environmental protections as well as climate change have been the most-cited political issues brought up on company earnings calls thus far, according to an analysis from FactSet's John Butters.

"In terms of government policies talked about in conjunction with the Biden administration, climate change and energy policy (28), tax policy (twenty ) and COVID-19 policy (19) have been cited or perhaps reviewed by probably the highest number of companies through this point in time in 2021," Butters wrote. "Of these 28 companies, seventeen expressed support (or a willingness to work with) the Biden administration on policies to greatly reduce carbon as well as greenhouse gas emissions. These 17 companies either discussed initiatives to minimize their own carbon and greenhouse gas emissions or perhaps services or merchandise they provide to help customers and customers lower the carbon of theirs and greenhouse gas emissions."

"However, 4 companies also expressed some concerns about the executive order starting a moratorium on new engine oil and gas leases on federal lands (plus offshore)," he added.

The list of 28 companies discussing climate change and energy policy encompassed companies from a diverse array of industries, like JPMorgan Chase, United Airlines Holdings and 3M, alongside standard oil majors like Chevron.

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11:36 a.m. ET: Stocks mixed, S&P 500 and Nasdaq turn positive
Here is where marketplaces had been trading Friday intraday:

S&P 500 (GSPC): +7.87 points (+0.2 %) to 3,924.25

Dow (DJI): -8.77 points (-0.03 %) to 31,421.93

Nasdaq (IXIC): +28.15 points (+0.21 %) to 14,053.77

Crude (CL=F): +$0.65 (+1.12 %) to $58.89 a barrel

Gold (GC=F): +$0.20 (+0.01 %) to $1,827.00 per ounce

10-year Treasury (TNX): +2.7 bps to yield 1.185%

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10:15 a.m. ET: Consumer sentiment suddenly plunges to a six-month lower in February: U. Michigan
U.S. consumer sentiment slid to the lowest level since August in February, according to the Faculty of Michigan's preliminary month to month survey, as Americans' assessments of the road ahead for the virus-stricken economy suddenly grew more grim.

The headline consumer sentiment index dipped to 76.2 from 79.0 in January, sharply lacking expectations for an increase to 80.9, according to Bloomberg consensus data.

The complete loss of February was "concentrated in the Expectation Index and among households with incomes below $75,000. Households with incomes in the bottom third reported major setbacks in their present finances, with fewer of these households mentioning recent income gains than whenever after 2014," Richard Curtin chief economist for the university's Surveys of Consumers, said in a statement.

"Presumably a brand new round of stimulus payments will bring down financial hardships among those with probably the lowest incomes. Much more shocking was the finding that consumers, despite the expected passage of a massive stimulus bill, viewed prospects for the national economy less favorably in early February compared to more month," he added.

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9:30 a.m. ET: Stocks open lower, but pace toward posting weekly gains
Here's in which marketplaces were trading simply after the opening bell:

S&P 500 (GSPC): 8.31 points (0.21 %) to 3,908.07

Dow (DJI): 19.64 (-0.06 %) to 31,411.06

Nasdaq (IXIC): -53.51 (+0.41 %) to 13,970.45

Crude (CL=F): -1dolar1 0.23 (-0.39 %) to $58.01 a barrel

Gold (GC=F): 1dolar1 10.70 (0.59 %) to $1,816.10 per ounce

10-year Treasury (TNX): +3.2 bps to deliver 1.19%

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9:05 a.m. ET: Equity funds see highest weekly inflows ever as investors pile into tech stocks: Bank of America
Stock cash just simply saw the largest ever week of theirs of inflows for the period ended February 10, with inflows totaling a record $58.1 billion, based on Bank of America. Investors pulled a total of $800 million out of gold and $10.6 billion out of money during the week, the firm added.

Tech stocks in turn saw their own record week of inflows during $5.4 billion. U.S. large cap stocks saw their second largest week of inflows ever at $25.1 billion, and U.S. tiny cap inflows saw the third largest week of theirs at $5.6 billion.

Bank of America warned that frothiness is rising in markets, nonetheless, as investors continue piling into stocks amid low interest rates, as well as hopes of a good recovery for corporate earnings and the economy. The firm's proprietary "Bull as well as Bear Indicator" tracking market sentiment rose to 7.7 from 7.5, nearing an 8.0 "sell" signal.

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7:14 a.m. ET Friday: Stock futures point to a lower open
Below had been the primary moves in markets, as of 7:16 a.m. ET Friday:

S&P 500 futures (ES=F): 3,904.00, printed 8.00 points or even 0.2%

Dow futures (YM=F): 31,305.00, down fifty four points or 0.17%

Nasdaq futures (NQ=F): 13,711.25, down 17.75 points or perhaps 0.13%

Crude (CL=F): -1dolar1 0.43 (0.74 %) to $57.81 a barrel

Gold (GC=F): -1dolar1 9.50 (0.52 %) to $1,817.30 per ounce

10-year Treasury (TNX): +0.5 bps to yield 1.163%

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6:03 p.m. ET Thursday: Stock futures tick higher
Here is where marketplaces were trading Thursday as overnight trading kicked off:

S&P 500 futures (ES=F): 3,904.50, down 7.5 points or perhaps 0.19%

Dow futures (YM=F): 31,327.00, down thirty two points or even 0.1%

Nasdaq futures (NQ=F): 13,703.5, down 25.5 points or 0.19%

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