The major US stock indices are moving higher after PCI data showed a dip in the core year on year number. US inventories were up over 2% for the 3rd consecutive month (is the inventory build getting overdone?). The US trade deficit dipped perhaps indicative of less demand for overseas goods.
A snapshot of the current market shows:
- Dow industrial average up 71 points or 0.22% at 32709
- S&P up 36.4 points or 0.90% at 4094.30
- NASDAQ up 170 points or 1.44% at 11909
- Russell 2000 up 15.8 points or 0.86% at 1854.11
Costco is shares are lower due to gross margin pressure. They did beat on the top and bottom line. She is down -0.30%.
Citigroup was downgraded to hold by Credit Suisse on valuation concerns. They believe the upside is limited in relation to its peers. City shares are down -1.46%.
JP Morgan shares are down marginally after railing strongly this week. Shares are up 7.41% from the close last Friday.
- Microsoft is up 1.44%
- Amazon is up 2.35%
- AMD is up 2.72%
- Disney is up 1.82%. Paramount's Top Gun opens this weekend is expected to have huge crowds. Will that
Other top gainers include:
- GameStop, +5.78%
- Block, +5.78%
- Tesla, +4.38%
- Nvidia, +3.07%
