STOCKS HIT RECORD HIGHS: Here's what you need to know
US Navy/Mass Communication Specialist 3rd Class Matt Matlage
The major averages closed at record highs on Friday.
The day didn't start out so well though, as General Electric caught investors off-guard with its disastrous earnings report ahead of the bell.
But, after sliding more than 6% at the open, GE ended the day higher and the S&P 500, Dow Jones industrial average and Nasdaq posted their best closes of all-time.
Here's the scoreboard:
- Dow: 23,317.90, +154.86, (0.67%)
- S&P 500: 2,574.65, +12.55, (0.49%)
- Nasdaq: 6,625.41, +23.99, (0.36%)
- US 10-year yield: 2.318%, -0.02
- WTI crude oil: $51.66, 0.26, 0.51%
- General Electric's disastrous earnings report caught traders off-guard. The stock clawed its way back on Friday as traders digested CEO John Flannery's restructuring plan.
- Snap hit with more layoffs, plans to slow hiring in 2018. Snap's stock, on the other hand, rose as the company cut workers and said it was slowing plans for future hiring.
- Bitcoin spikes to a record high near $6,000. The currency is at all-time highs, even as Wall Street wrestles over its future.
- Catalonia's fight for independence is about to hit a wall. Tensions in the Spanish region are simmering, and the Spain's stock market has been reflecting that volatility.
- The GOP has found an innovative new way to steal from your future self. Republicans want to punish people saving for retirement to finance Trump's tax cuts.
Other headlines
The stock market's robot revolution is here
JPMORGAN: Tesla could have to raise the price of the Model 3
Republicans are considering a proposal that would radically change the way you save for retirement
Apple will have only shipped 3 million iPhone X units when it launches - good luck finding one
- CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
- We bought a house in Japan for $30,000. We'll have more land than we could afford in the US, and our kids will be more independent.
- Rumors Prince William is having an affair with Rose Hanbury are flooding social media again after Stephen Colbert waded into 'Katespiracy'
- Businesses should not be built on model, but out of passion: Peyush Bansal
- Delhi world's most polluted capital, Begusarai top polluted metro says IQAir
- COVID-19 vaccine can slash risk of post-infection heart failure by half, study finds
- Stock markets close higher in volatile trade ahead of key Fed policy meeting
- 10 Must do activities in Kodaikanal on your next trip