Stock market news live updates: Dow, S&P close out 3rd straight week of gains; Netflix suffers after earnings

Stock market news live updates: Dow, S&P close out 3rd straight week of gains; Netflix suffers after earnings

Stocks closed out Friday’s session mixed, with the S&P 500 and Nasdaq posting modest gains while the Dow fell. The S&P 500 health-care sector ETF (XLV) rose to a record high. This is CNBC’s live blog covering the latest market-moving news. Here’s what happened on Friday.

Stocks closed out Friday’s session mixed, with the S&P 500 and Nasdaq posting modest gains while the Dow fell. The S&P 500 health-care sector ETF (XLV) rose to a record high.

The S&P 500 and Dow each posted weekly advances for a third straight week. The S&P 500’s weekly advanced totaled about 1.3%, while the Dow rose 2.3%. The Nasdaq declined by about 1% over last week.

Still, Friday’s drop in the Dow sent the 30-stock index to its second consecutive day of losses, after breaking a four-day winning streak on Thursday. The decline came after new data showed a greater than expected number of new jobless claims were filed last week. Further economic data Friday morning showed an ongoing improvement in the housing market, with both building permits and housing starts rising in June over May.

However, a separate report Friday morning unexpectedly showed a drop in consumer sentiment in the first part of July, as a resurgence in coronavirus cases in some parts of the country triggered a retreat in consumer optimism over the pace of economic recovery.

Over the past week, a rotation out of tech stocks and other high-growth shares that had led the market’s rally from March lows was under way. Shares of each of Facebook, Amazon, Microsoft and Apple were little changed Friday morning, steadying after steep run-ups over the past several months.

Peer tech giant Netflix (NFLX) saw its stock slump in early trading after delivering a weak outlook for the current quarter, suggesting the streaming company’s incredible surge of new users would slow in the second half of the year. Netflix expects to add 2.5 million new users in the third quarter – half as many as consensus analysts anticipated. Still, the company’s 10 million new users in the second quarter were better than the 8.3 million expected.

Before market open, BlackRock reported quarterly profit and revenue that topped consensus expectations, though long-term inflows of $62.2 billion were short of consensus estimates for $78.6 billion. While down sharply from the $125 billion in inflows in the same period last year, the result as an improvement over last quarter, when BlackRock saw net outflows for the first time in five years as investors stayed on the sidelines as the pandemic spread.

Here’s where the three major indices settled on Friday:

  • S&P 500 (^GSPC): +9.18 points (+0.29%) to 3,224.75

  • Dow (^DJI): -62.35 points (-0.23%) to 26,672.36

  • Nasdaq (^IXIC): +29.36 points (+0.28%) to 10,503.19

US West Texas intermediate crude oil prices (CL=F) settled lower by 16 cents, or 0.4%, to $40.59 per barrel on Friday. The decline marked a back to back session of declines for the commodity, which has risen 3% for July to date, but struggled to push above the $40 per barrel level as economic concerns around the coronavirus pandemic linger.

Consumer sentiment unexpectedly fell in July over June as a resurgence in coronavirus cases weighed on Americans’ outlooks for the economy, according to the closely watched University of Michigan Surveys of Consumers’ preliminary monthly report.

The index of consumer sentiment fell to 73.2 in July from 78.1 in June, whereas a rise to 79.0 had been expected. Indices capturing consumers’ assessments of current conditions and future expectations each fell short of consensus estimates, with the latter declining sharply to 66.2 when a rise to 74.0 had been expected.

“Consumer sentiment retreated in the first half of July due to the widespread resurgence of the coronavirus. The promising gain recorded in June was reversed, leaving the Sentiment Index in early July insignificantly above the April low (+1.4 points),” Richard Curtin, chief economist for the Surveys of Consumers, said in a statement. “Unfortunately, declines are more likely in the months ahead as the coronavirus spreads and causes continued economic harm, social disruptions, and permanent scarring.”

“Another aggressive fiscal response is urgently needed that focuses on financial relief for households as well as state and local governments,” Curtin added. “Without action, another plunge in confidence and a longer recession is likely to occur.”

This morning, the Commerce Department’s housing report underscored a continued, albeit slowing, recovery in the US housing market, based on housing starts and building permits data.

Still, the pace of recovery could be jeopardized in coming months as some states grapple with a resurgence in coronavirus cases, which took off in the middle of June and remains ongoing.

Here’s what Chris Rupkey, chief financial economist, for MUFG Union Bank, had to say:

Net, net, the recovery in residential housing construction is still short of the best economy in 50 years at the start of 2020. All signs were flashing green at the beginning of June for residential housing construction with the states reopening and mortgage rates to finance home purchases at record lows.

But now there are storm clouds on the horizon for the housing recovery with the second wave of the coronavirus pandemic shutting some areas of the country back down and the fiscal stimulus from Washington coming to a halt for millions of Americans which may cool the outlook for construction on the part of home builders and bring about new caution on the part of home buyers.

Residential housing construction is off the lows, but it looks like a full return to the stronger levels of activity earlier this year before the pandemic lockdown of the economy in March is going to be delayed as new social distancing measures will keep new home buyers on the sidelines for now.

Here were the main moves in markets as of 9:33 a.m. ET:

  • S&P 500 (^GSPC): +5.77 points (+0.18%) to 3,221.34

  • Dow (^DJI): +10.5 points (+0.04%) to 26,745.21

  • Nasdaq (^IXIC): +31.27 points (+0.33%) to 10,512.44

  • Crude (CL=F): +$0.11 (+0.27%) to $40.86 a barrel

  • Gold (GC=F): +$11.00 (+0.61%) to $1,811.30 per ounce

  • 10-year Treasury (^TNX): +0.1 bps to yield 0.613%

New home-building rose by a slightly smaller than expected margin in June, but continued to improve on a month over month basis as housing recovered from the depths of the pandemic and business closures.

Housing starts rose 17.3% on a seasonally adjusted annualized basis to 1.186 million, just short of the 1.19 million expected, based on Bloomberg estimates. May’s housing starts were upwardly revised to 1.011 million from the 974,000 previously reported, with the revision reflecting a more than 8% month on month gain.

Building permits, a proxy for future home-building, also rose less than expected. These increased 2.1% over May to 1.241 million, whereas 1.293 million had been expected. Permits for May were modestly downwardly revised to 1.216 million, from the 1.22 million previously reported.

Here were the main moves in markets, as of 7:17 a.m. ET:

  • S&P 500 futures (ES=F): 3,206.75, up 12.25 points or 0.38%

  • Dow futures (YM=F): 26,618.00, up 65 points, or 0.24%

  • Nasdaq futures (NQ=F): 10,608.00, up 96.25 points, or 0.92%

  • Crude (CL=F): -$0.24 (-0.59%) to $40.51 a barrel

  • Gold (GC=F): +$5.50 (+0.31%) to $1,805.80 per ounce

  • 10-year Treasury (^TNX): -1 bp to yield 0.602%

Here were the main moves at the start of the overnight session for U.S. equity futures, as of 6:05 p.m. ET:

  • S&P 500 futures (ES=F): 3,195.75, up 1.25 points or 0.04%

  • Dow futures (YM=F): 26,559.00, up 6 points, or 0.02%

  • Nasdaq futures (NQ=F): 10,528.00, up 16.25 points, or 0.15%

Two men wearing a masks walks pass the New York Stock Exchange (NYSE) on April 30, 2020 in New York City. – Wall Street stocks opened lower Thursday following another spike of jobless claims in the wake of coronavirus shutdowns, offsetting strong results from tech giants. Another 3.84 million US workers filed for unemployment benefits last week and the total has now passed 30 million in six weeks, according to the Labor Department data. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

Find live stock market quotes and the latest business and finance news

For tutorials and information on investing and trading stocks, check out Cashay

Source: finance.yahoo.com

Author: Emily McCormickReporter


Environmental Sensor And Monitors Market will touch a new level in upcoming year with Top Key Players like Thales Group, Siemens, Ball Aerospace and Technologies, Environmental Sensors, Raytheon Company – Cole of Duty

Environmental Sensor And Monitors Market will touch a new level in upcoming year with Top Key Players like Thales Group, Siemens, Ball Aerospace and Technologies, Environmental Sensors, Raytheon Company – Cole of Duty

Environmental Sensor And Monitors Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

“Environmental Sensor And Monitors Market is growing at a High CAGR during the forecast period 2020-2026. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.

Get the PDF Sample Copy of This Report:

https://www.a2zmarketresearch.com/sample?reportId=280017

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Top Key Players Profiled in This Report:

Thales Group, Siemens, Ball Aerospace and Technologies, Environmental Sensors, Raytheon Company, Agilent Technologies, Lockheed Martin Corporation, Danaher Corporation, Honeywell International, TE Connectivity

The key questions answered in this report:

  • What will be the Market Size and Growth Rate in the forecast year?
  • What are the Key Factors driving Environmental Sensor And Monitors Market?
  • What are the Risks and Challenges in front of the market?
  • Who are the Key Vendors in Environmental Sensor And Monitors Market?
  • What are the Trending Factors influencing the market shares?
  • What are the Key Outcomes of Porter’s five forces model?
  • Which are the Global Opportunities for Expanding the Environmental Sensor And Monitors Market?
  • Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Environmental Sensor And Monitors market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Environmental Sensor And Monitors market’s trajectory between forecast periods.

    Segmentation analyzation- To experience profitability and make critical decisions for business growth, it is very essential to understand this complex Environmental Sensor And Monitors market. So to reduce this complexity, the Environmental Sensor And Monitors market is divided into various segments.

    Market Segmentation by Type:

    Market Segmentation by Application:

    Purchase Exclusive Report @:

    https://www.a2zmarketresearch.com/buy?reportId=280017

    Global Environmental Sensor And Monitors Market report provide insights on following points:

  • Market definition of the global Environmental Sensor And Monitors market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
  • Extensive research on the competitive landscape of global Environmental Sensor And Monitors Market
  • Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
  • A comprehensive list of key market players operating in the global Environmental Sensor And Monitors market.
  • Analysis of the different market segments such as type, size, applications, and end-users.
  • It offers a descriptive analysis of demand-supply chaining in the global Environmental Sensor And Monitors market.
  • Statistical analysis of some significant economics facts
  • Figures, charts, graphs, pictures to describe the market clearly.
  • Table of Contents

    Global Environmental Sensor And Monitors Market Research Report 2020 – 2026

    Chapter 1 Environmental Sensor And Monitors Market Overview

    Chapter 2 Global Economic Impact on Industry

    Chapter 3 Global Market Competition by Manufacturers

    Chapter 4 Global Production, Revenue (Value) by Region

    Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

    Chapter 6 Global Production, Revenue (Value), Price Trend by Type

    Chapter 7 Global Market Analysis by Application

    Chapter 8 Manufacturing Cost Analysis

    Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

    Chapter 10 Marketing Strategy Analysis, Distributors/Traders

    Chapter 11 Market Effect Factors Analysis

    Chapter 12 Global Environmental Sensor And Monitors Market Forecast

    If You Have Any Query, Ask Our Experts:

    https://www.a2zmarketresearch.com/enquiry?reportId=280017

    If you have any special requirements, please let us know and we will offer you the report as you want.   

    About A2Z Market Research:

    The A2Z Market Research library provides syndication reports from market researchers around the world. Ready-to-buy syndication Market research studies will help you find the most relevant business intelligence.

    Our Research Analyst Provides business insights and market research reports for large and small businesses.

    The company helps clients build business policies and grow in that market area. A2Z Market Research is not only interested in industry reports dealing with telecommunications, healthcare, pharmaceuticals, financial services, energy, technology, real estate, logistics, F & B, media, etc. but also your company data, country profiles, trends, information and analysis on the sector of your interest.

    Contact Us:

    Roger Smith

    1887 WHITNEY MESA DR HENDERSON, NV 89014

    [email protected]

    +1 775 237 4147

    Source: coleofduty.com


    Stock market live Friday: Stocks end flat in thin trading, Nasdaq first down week in 3, Netflix drops 6%

    Stock market live Friday: Stocks end flat in thin trading, Nasdaq first down week in 3, Netflix drops 6%

    • S&P 500 closed up 0.28% for its third positive day in four
    • S&P 500 closed up 1.25% this week, for its third straight positive week
    • S&P 500 is down 0.19% year to date
    • S&P is 4.97% below its intraday all-time high of 3,393.52 from Feb. 19
    • The Nasdaq Composite advanced 0.28%
    • The Nasdaq fell 1.08% this week, for its first negative week in three
    • The Dow closed down 0.23%, for its second consecutive down day
    • Seven out of 11 sectors were positive Friday, led by utilities, which gained 2.28%. — Gina Francolla

    The S&P 500 finished Friday’s session up 0.2% in thin trading, posting its third straight week of gains. The Dow dipped just 0.2%, bringing its weekly gain to 2.2%, also its third consecutive up week. The Nasdaq Composite ended the day up 0.2%, despite a 6.5% loss in Netflix. However, the tech-heavy benchmark suffered its first negative week in three as investors rotated out of some of the high-flying tech shares.— Yun Li

    The S&P 500 is seeing clear signs of technical resistance around the 2020 breakeven level after two failed attempt to break above it this week, said Bill Northey of U.S. Bank Wealth Management. “That level has proven to be very challenging,” said Northey, the bank’s senior investment director. This level is key, Northey notes, as the broader market index has traded in a “consolidating range” since late May. —Fred Imbert

    Stocks were little changed heading into the final hour of trading as a sharp drop in Netflix shares kept sentiment in check. The Dow was down 38 points, or 0.1%. The S&P 500 and Nasdaq rose slightly. —Fred Imbert

    Trading volumes have been very thin on Friday as Wall Street tries to end a volatile week with lackluster performance. With about one hour left in the trading session, the SPDR S&P 500 ETF Trust (SPY), which tracks the broader market index, traded just over 35 million shares . That’s well below the ETF’s 30-day volume average of more than 98 million. The market tends to have relatively quiet activity during the summer months. — Yun Li

    BlackRock CEO Larry Fink told CNBC that stakeholder capitalism, or the idea that companies have a purpose beyond just shareholder returns, will accelerate in the wake of the pandemic. “The companies that focus on all their stakeholders – their clients, their employees, the society where they work and operate – are going to be the companies that are going to be the winners for the future,” he said on CNBC’s “Squawk Box.” The firm is the largest money manager in the world, with more than $7 trillion in assets under management. – Pippa Stevens

    The number of rising stocks at the New York Stock Exchange slightly outpaced declining shares as the market struggled for direction to end the week. FactSet data showed that four stocks advanced for every three NYSE declines. Overall, 1,612 stocks were up at the NYSE while 1,210 dipped. —Fred Imbert

    BlackRock — Shares of the money manager jumped more than 3% after it beat estimates on the top and bottom lines for its second quarter.

    Facebook, Amazon, Microsoft, Alphabet — Alongside Netflix, the so-called FANG stocks slid, continuing technology stocks’ weakness this week. 

    J.B. Hunt — Shares of JB Hunt Transport gained 3% after the transportation and logistics company’s second-quarter earnings topped expectations. 

    For more stocks moving midday look here. — Maggie Fitzgerald 

    The major averages were roughly flat around midday as Netflix shares led the major tech companies lower. The Dow was down just 39 points, or 0.1%. The S&P 500 and Nasdaq Composite were marginally higher. —Fred Imbert

    U.S.-traded shares of electric vehicle company Nio dropped more than 15% after Goldman Sachs downgraded the stock to a sell rating. The firm said that the China-based company’s share price reflected “over optimism.

    U.S. consumer sentiment dipped in the early part of July amid a continuing rise in new coronavirus cases. The University of Michigan’s consumer sentiment index came in at 73.2 for July, a decline from 78.1 in June. Economists polled by Dow Jones were expecting a small rise to 79.  — Yun Li

    The Dow Jones Industrial Average jumped 65 points or 0.25%, at the opening bell on Friday. The S&P 500 rose 0.3%. The Nasdaq Composite rose 0.25%, dragged down by a 5% drop in Netflix shares. — Maggie Fitzgerald 

    Shares of Tesla moved higher during premarket trading on Friday after Credit Suisse doubled its price target on the stock, while re-iterating its neutral rating. Credit Suisse hiked the 12-month target to $1,400 from $700.  The firm said the stock is currently “priced for perfection.”

    The Commerce Department said Friday U.S. housing starts totaled 1.186 million in June, more than the 1.169 million expected by economists polled by Dow Jones. This is an increase from the 974,000 in new construction reported for May. Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year due to the pandemic. — Maggie Fitzgerald 

    Shares of Netflix tanked 8.2% in premarket trading on Friday after the streaming media giant missed analyst expectations on its second-quarter earnings. It reported EPS of $1.59, versus $1.81 expected per Refinitiv. The company also provided weak subscriber growth guidance for the third quarter, saying, “growth is slowing as consumers get through the initial shock of Covid and social restrictions.” Meanwhile, Netflix announced its Chief Content Officer Ted Sarandos will become co-CEO alongside current CEO Reed Hastings. The stock had lost nearly 4% this week through Thursday. — Yun Li

    While the S&P 500 and Dow Jones Industrial Average are headed for a week of gains, the Nasdaq Composite is slated to end the week in the red as technology stocks have experienced lackluster performance since Monday. The Nasdaq Composite is down 1.35% this week, on pace for its first negative week in three. The so-called FANG stocks, with the exception of Apple, are all headed for big down weeks. Amazon is down more than 6% since Monday. Netflix is down nearly 4% this week and is down more than 8% in premarket trading on Friday. This week Facebook and Alphabet are both down more than 1.5% and Microsoft has lost 4.6% since Monday. — Maggie Fitzgerald 

    Stock futures rose slightly on Friday with Dow futures up 65 points. S&P 500 futures rose 0.35% and Nasdaq-100 futures jumped 0.85% before the bell. 

    The Dow Jones Industrial Average fell more than 200 points on Thursday but is up more than 2.5% this week, on pace for its third straight week of gains. The S&P 500 dipped 0.7% on Thursday but is up 0.96% this week, on pace for its third straight weekly gain. The Nasdaq Composite slid more than 0.7% on Thursday, on pace for its first negative week in three. — Maggie Fitzgerald 

    Source: www.cnbc.com

    Author: CNBC.com staff


    Stock market news live updates: Dow, S&P close out 3rd straight week of gains; Netflix suffers after earnings


    Leave a Comment