Thursday's Market Recap - Amazon News Dominated Markets Today.
What is The Premarket Telling Us?
7:00 AM.
US stock futures are modestly higher currently, with Dow futures up 69 points, Nasdaq futures up 21.25 points, and S&P futures up 8.25 points.
On The Bond Desk:
The US 10 Year Bond Yield at 2.83%.
Currency Desk:
Euro dollar: 1.15
UK Pound: 1.30
Crude Oil:
WTI crude oil futures at $72.82/barrel, up 0.08%.
On the Earnings Calendar:
Walgreen's reported better than expected quarterly results, beating earnings and revenue. The company also announced a $10 billion, stock buyback, and increased it dividends to 0.44 cents per share.
Nike reports after the closing bell this evening.
In M&A News:
Amazon announced it is buying PillPack, an online pharmacy. The company also announced that it is launching an Amazon Van Delivery, to encourage entrepreneurs to set up business delivering Amazon packages.
What About The Asian And European Markets?
Major Asian markets were mixed. Japan (Nikkei 225) slipped 0.01%, Shanghai down 0.93%, Hong Kong (Hang Seng) added 0.50%
Major European markets closed lower in their session. German (DAX) fell 1.39%, France CAC 40 down 0.97%, London FTSE 100 down 0.08%.
Market And Sector Dynamics
Stocks were lower at the start of trading. The Dow fell 20 points, Nasdaq fell 5 points, and the S&P rose 1 point. Crude oil was lower early in the session, and telecommunications, and utilities were positive early.
Markets gradually improved in the morning session, and by noon the Dow was positive, and continued to gain momentum into the close. At the high the Dow was up almost 200 points.
Nine of the eleven S&P sectors closed the day with gains. Telecommunications services, technology, real estate, financials, and consumer discretionary.
Factors Influencing Today's Market
Crude prices rose moderately today. WTI crude oil closed at $73.35/barrel, up 0.81%.
Today's Amazon announcement that Amazon is buying PillPack online pharmacy.
Asian market finished mixed, while European markets were lower.
This week's Initial Jobless Claims rose 9000, to 227,000
Market Close Volume Traded And Advance Decline Ratio
At the close of trading, the Dow rose 98.46 points, Nasdaq gained 58.60 points, and the S&P added 16.68 points. Total NYSE volume traded, a moderate 3.42 billion shares. Advancing shares outpaced Declining shares almost 2:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
Comments