Markets News
Defense and Aerospace Stocks Gain Amid Regulatory Uncertainty Over Payouts
Defense and space equities advanced Friday, but investor focus is shifting to potential Pentagon restrictions on buybacks and dividends for underperforming contractors.
JPMorgan Leads Banking Rally as Dow Tops 50,000; Key Data Looms
JPMorgan shares surged nearly 4% to $322.40 on Friday, outpacing peers as the Dow Jones Industrial Average closed above 50,000 for the first time. Investors now await delayed jobs data, inflation figures, and a company update scheduled for February 23.
SK Hynix Shares Dip Amid Tech Sell-Off Despite S&P Credit Upgrade
SK Hynix shares declined 0.36% to 839,000 won on Friday, extending a weekly loss of 8% as Asian tech stocks retreated, even after S&P upgraded its credit rating to BBB+ with a positive outlook.
Bank of America Rises 3% Amid Financial Sector Rally, Eyes on Key Data
Bank of America shares climbed nearly 3% on Friday, riding a broad financial stock surge as the Dow closed above 50,000. Investors await delayed U.S. jobs and inflation reports next week.
Mastercard Shares Dip Amid Dow Milestone; Key Economic Data Looms
Mastercard stock declined 0.6% on Friday as the Dow Jones Industrial Average surged past 50,000. Investors await delayed U.S. jobs and inflation reports next week.
Costco Shares Surpass $1,000 Milestone as January Sales Show Strength
Costco stock closed above $1,000 after reporting robust January sales growth. Investors are watching whether the retailer can maintain momentum ahead of its March earnings.
J&J Stock Rises as Court Disqualifies Talc Litigation Firm, AFib Device Data Released
Johnson & Johnson shares gained 0.9% following a New Jersey appeals court decision to remove Beasley Allen from state talc cases and the release of early 12-month data for its investigational AFib device.
Exxon Mobil Reaches 52-Week Peak at $149; Eyes on Oil and Data Next Week
Exxon Mobil shares surged over 2% to close at a 52-week high of $149.05, buoyed by rising oil prices and a broad market rally. Key economic data and the company's dividend record date are upcoming focal points.
Walmart Soars 3% to $131 as Dow Hits Historic 50,000 Milestone
Walmart shares surged over 3% Friday, lifting its market cap near $1.05 trillion as the Dow Jones Industrial Average closed above 50,000 for the first time. Investors await the retailer's Q4 results on Feb. 19 and key U.S. economic data next week.
Visa Gains on $100M Small Business Initiative; Focus Shifts to Economic Data
Visa shares rose 0.74% to $331.58 Friday following the launch of a new small-business platform with a $100 million capital facility. Investor attention now turns to upcoming U.S. jobs and inflation reports.