Stock market live: S&P 500 rises to a fresh record closing huge
Stocks finished higher on Friday, with the S&P 500 and Nasdaq closing out the session at record levels. The S&P 500 and Nasdaq each rose aproximatelly 0.5 %, even though the Dow finished simply a tick above the flatline. U.S. stocks shook off earlier declines after tracking a drop in overseas equities, after new data […]

Stocks finished higher on Friday, with the S&P 500 and Nasdaq closing out the session at record levels.

The S&P 500 and Nasdaq each rose aproximatelly 0.5 %, even though the Dow finished simply a tick above the flatline. U.S. stocks shook off earlier declines after tracking a drop in overseas equities, after new data showed that UK gross domestic product (GDP) slumped by a report 9.9 % in 2020 as a virus induced recession swept the nation.

Shares of Dow component Disney (DIS) reversed earlier profits to fall more than 1 % and guide back out of a record high, after the company posted a surprise quarterly profit and produced Disney+ streaming prospects more than expected. Newly public company Bumble (BMBL), which started trading on the Nasdaq on Thursday, rose another seven % after jumping sixty three % in the public debut of its.

Over the past couple weeks, investors have absorbed a bevy of stronger than expected earnings results, with company earnings rebounding way quicker than expected regardless of the ongoing pandemic. With more than 80 % of companies right now having claimed fourth-quarter results, S&P 500 earnings per share (EPS) have topped estimates by seventeen % for aggregate, and bounced back above pre COVID amounts, according to an analysis by Credit Suisse analyst Jonathan Golub.

generous government action and "Prompt mitigated the [virus related] injury, leading to outsized economic and earnings surprises," Golub said. "The earnings recovery has been substantially more robust than we may have dreamed when the pandemic for starters took hold."

Stocks have continued to establish new record highs against this backdrop, and as fiscal and monetary policy assistance stay strong. But as investors become comfortable with firming corporate performance, companies may have to top greater expectations to be rewarded. This can in turn put some pressure on the broader market in the near term, and warrant more astute assessments of specific stocks, based on some strategists.

"It is actually no secret that S&P 500 performance continues to be really strong over the past few calendar years, driven largely via valuation expansion. Nevertheless, with the index P/E [price-to-earnings ratio] recently eclipsing its previous dot-com extremely high, we believe that valuation multiples will start to compress in the coming months," BMO Capital Markets strategist Brian Belski wrote in a note Thursday. "According to the work of ours, strong EPS growth will be necessary for the next leg higher. Fortunately, that is precisely what present expectations are forecasting. But, we also realized that these kinds of' EPS-driven' periods tend to be more challenging from an investment strategy standpoint."

"We believe that the' easy cash days' are over for the time being and investors will have to tighten up the focus of theirs by evaluating the merits of individual stocks, rather than chasing the momentum-laden strategies that have recently dominated the expense landscape," he added.

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4:00 p.m. ET: Stocks end higher, S&P 500 and Nasdaq reach record closing highs
Here's exactly where the main stock indexes ended the session:

S&P 500 (GSPC): +18.55 points (+0.47 %) to 3,934.93

Dow (DJI): +27.44 points (+0.09 %) to 31,458.14

Nasdaq (IXIC): +69.70 points (+0.5 %) to 14,095.47

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2:58 p.m. ET:' Climate change' is the most-cited Biden policy on corporate earnings calls: FactSet
Fourth-quarter earnings season marks the first with President Joe Biden in the White House, bringing the latest political backdrop for corporations to contemplate.

Biden's policies around environmental protections and climate change have been the most-cited political issues brought up on corporate earnings calls up to this point, in accordance with an analysis from FactSet's John Butters.

"In terms of government policies mentioned in conjunction with the Biden administration, climate change and energy policy (28), tax policy (twenty COVID-19 and) policy (nineteen) have been cited or maybe discussed by the highest number of companies through this point on time in 2021," Butters wrote. "Of these 28 firms, 17 expressed support (or a willingness to the office with) the Biden administration on policies to greatly reduce carbon as well as greenhouse gas emissions. These 17 companies either discussed initiatives to minimize the own carbon of theirs as well as greenhouse gas emissions or perhaps goods or services they give to assist clients & customers reduce their carbon and greenhouse gas emissions."

"However, 4 companies also expressed some concerns about the executive order starting a moratorium on new oil as well as gas leases on federal lands (plus offshore)," he added.

The list of 28 companies discussing climate change and energy policy encompassed organizations from a broad array of industries, like JPMorgan Chase, United Airlines Holdings and 3M, alongside standard oil majors like Chevron.

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11:36 a.m. ET: Stocks combined, S&P 500 and Nasdaq turn positive
Here is in which markets were trading Friday intraday:

S&P 500 (GSPC): +7.87 points (+0.2 %) to 3,924.25

Dow (DJI): -8.77 points (-0.03 %) to 31,421.93

Nasdaq (IXIC): +28.15 points (+0.21 %) to 14,053.77

Crude (CL=F): +$0.65 (+1.12 %) to $58.89 a barrel

Gold (GC=F): +$0.20 (+0.01 %) to $1,827.00 per ounce

10-year Treasury (TNX): +2.7 bps to deliver 1.185%

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10:15 a.m. ET: Consumer sentiment suddenly plunges to a six month lower in February: U. Michigan
U.S. consumer sentiment slid to probably the lowest level after August in February, according to the University of Michigan's preliminary monthly survey, as Americans' assessments of the road ahead for the virus-stricken economy suddenly grew much more grim.

The headline consumer sentiment index dipped to 76.2 from 79.0 in January, sharply lacking expectations for a surge to 80.9, as reported by Bloomberg consensus data.

The entire loss of February was "concentrated in the Expectation Index and involving households with incomes under $75,000. Households with incomes in the bottom third reported considerable setbacks in the present finances of theirs, with fewer of the households mentioning latest income gains than anytime after 2014," Richard Curtin chief economist for the university's Surveys of Consumers, said in a statement.

"Presumably a new round of stimulus payments will reduce fiscal hardships with those with probably the lowest incomes. Much more surprising was the finding that consumers, despite the expected passage of a grand stimulus bill, viewed prospects for the national economy less favorably in early February compared to last month," he added.

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9:30 a.m. ET: Stocks open lower, but speed toward posting weekly gains
Here is in which marketplaces had been trading just after the opening bell:

S&P 500 (GSPC): 8.31 points (0.21 %) to 3,908.07

Dow (DJI): 19.64 (0.06 %) to 31,411.06

Nasdaq (IXIC): -53.51 (+0.41 %) to 13,970.45

Crude (CL=F): 1dolar1 0.23 (0.39 %) to $58.01 a barrel

Gold (GC=F): -1dolar1 10.70 (-0.59 %) to $1,816.10 per ounce

10-year Treasury (TNX): +3.2 bps to deliver 1.19%

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9:05 a.m. ET: Equity funds see highest weekly inflows ever as investors pile into tech stocks: Bank of America
Stock cash just discovered their largest ever week of inflows for the period ended February 10, with inflows totaling a record $58.1 billion, according to Bank of America. Investors pulled a total of $800 million out of gold and $10.6 billion out of cash during the week, the firm added.

Tech stocks in turn saw the own record week of theirs of inflows at $5.4 billion. U.S. large cap stocks saw their second largest week of inflows ever at $25.1 billion, and U.S. tiny cap inflows saw the third largest week of theirs at $5.6 billion.

Bank of America warned that frothiness is actually rising in markets, however, as investors continue piling into stocks amid low interest rates, along with hopes of a solid recovery for the economy and corporate profits. The firm's proprietary "Bull and Bear Indicator" tracking market sentiment rose to 7.7 from 7.5, nearing an 8.0 "sell" signal.

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7:14 a.m. ET Friday: Stock futures point to a lower open
Here were the primary movements in markets, as of 7:16 a.m. ET Friday:

S&P 500 futures (ES=F): 3,904.00, down 8.00 points or even 0.2%

Dow futures (YM=F): 31,305.00, down fifty four points or perhaps 0.17%

Nasdaq futures (NQ=F): 13,711.25, down 17.75 points or even 0.13%

Crude (CL=F): 1dolar1 0.43 (-0.74 %) to $57.81 a barrel

Gold (GC=F): -1dolar1 9.50 (0.52 %) to $1,817.30 per ounce

10-year Treasury (TNX): +0.5 bps to yield 1.163%

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6:03 p.m. ET Thursday: Stock futures tick higher
Here is where markets were trading Thursday as overnight trading kicked off:

S&P 500 futures (ES=F): 3,904.50, printed 7.5 points or even 0.19%

Dow futures (YM=F): 31,327.00, down 32 points or 0.1%

Nasdaq futures (NQ=F): 13,703.5, printed 25.5 points or perhaps 0.19%

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