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US STOCKS: S&P Eminis, DJIA Mark New All-Time Highs

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • US stocks traded stronger early Friday, S&P Eminis and the DJIA indexes marking new all-time-highs of 5,865.25 and 42,832.21 respectively, while the Nasdaq still remains off mid-July all-time highs (18,671.07). Mixed PPI results notwithstanding, month-over-month metrics eased while year-over-year gained, focus turned to corporate earnings with banks leading gainers in the first half.
  • Currently, the Dow trades 374.16 points (0.88%) at 42826.25, S&P E-Minis up 31.75 points (0.54%) at 5860.75, Nasdaq up 55.5 points (0.3%) at 18334.88.
  • Beating estimates ahead of the open, Wells Fargo surged 5.78%, JP Morgan +5.03%, Blackrock +3.32% and Bank of NY Mellon +1.68% in the first half. Gains helped Bank of America +5.25% ahead of their release next Tuesday, Citigroup +3.94%, Goldman Sachs +2.53%.
  • Industrials were next up, supported by transportation stocks with Uber climbing 9.21% after Tesla's "Robotaxi" presentation failed to wow investors. Elsewhere, Old Dominion gained 2.6% while JB Hunt climbed 2.21%.
  • Laggers meanwhile, were led by Consumer Discretionary and Information Technology sectors as they scaled back gains from the week. Tesla weighed on autos (7.89%) on the aforementioned Robotaxi fell flat while Nike slipped 0.62%. Meanwhile, Broadcom -2.43%, Adobe -0.75% and IBM -0.74% weighed onm the IT sector.
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  • US stocks traded stronger early Friday, S&P Eminis and the DJIA indexes marking new all-time-highs of 5,865.25 and 42,832.21 respectively, while the Nasdaq still remains off mid-July all-time highs (18,671.07). Mixed PPI results notwithstanding, month-over-month metrics eased while year-over-year gained, focus turned to corporate earnings with banks leading gainers in the first half.
  • Currently, the Dow trades 374.16 points (0.88%) at 42826.25, S&P E-Minis up 31.75 points (0.54%) at 5860.75, Nasdaq up 55.5 points (0.3%) at 18334.88.
  • Beating estimates ahead of the open, Wells Fargo surged 5.78%, JP Morgan +5.03%, Blackrock +3.32% and Bank of NY Mellon +1.68% in the first half. Gains helped Bank of America +5.25% ahead of their release next Tuesday, Citigroup +3.94%, Goldman Sachs +2.53%.
  • Industrials were next up, supported by transportation stocks with Uber climbing 9.21% after Tesla's "Robotaxi" presentation failed to wow investors. Elsewhere, Old Dominion gained 2.6% while JB Hunt climbed 2.21%.
  • Laggers meanwhile, were led by Consumer Discretionary and Information Technology sectors as they scaled back gains from the week. Tesla weighed on autos (7.89%) on the aforementioned Robotaxi fell flat while Nike slipped 0.62%. Meanwhile, Broadcom -2.43%, Adobe -0.75% and IBM -0.74% weighed onm the IT sector.