Stock market live updates: S&P 500 rises to a fresh record closing high
Stocks concluded 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 %, while the Dow concluded just a tick above the flatline. U.S. stocks shook off earlier declines after monitoring a drop in overseas equities, after new data showed […]

Stocks concluded 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 %, while the Dow concluded just a tick above the flatline. U.S. stocks shook off earlier declines after monitoring a drop in overseas equities, after new data showed that UK gross domestic product (GDP) slumped by a record 9.9 % in 2020 as a virus induced recession swept the nation.

Shares of Dow component Disney (DIS) reversed earlier benefits to fall more than one % 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 organization Bumble (BMBL), which set about trading on the Nasdaq on Thursday, rose another 7 % after jumping 63 % 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 inspite of the continuous pandemic. With more than 80 % of businesses right now having reported fourth quarter results, S&P 500 earnings per share (EPS) have topped estimates by 17 % for aggregate, and bounced back above pre COVID amounts, in accordance with an analysis by Credit Suisse analyst Jonathan Golub.

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

Stocks have continued to set fresh record highs against this backdrop, and as fiscal and monetary policy support remain strong. But as investors become comfortable with firming business functionality, companies could possibly have to top greater expectations in order 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 has long been extremely formidable over the past few calendar years, driven largely via valuation expansion. But, with the index P/E [price-to-earnings ratio] recently eclipsing its previous dot com extremely high, we think that valuation multiples will start to compress in the coming months," BMO Capital Markets strategist Brian Belski wrote in a note Thursday. "According to our job, strong EPS growth would be necessary for the next leg higher. Thankfully, that's precisely what present expectations are forecasting. Nonetheless, we also found that these types of' EPS-driven' periods tend to be complicated from an investment strategy standpoint."

"We think that the' easy money days' are actually over for the time being and investors will need to tighten up their focus by evaluating the merits of specific stocks, as opposed to chasing the momentum-laden practices who have just recently dominated the investment landscape," he added.

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4:00 p.m. ET: Stocks end higher, S&P 500 and Nasdaq reach history closing highs
Here is where the key 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 company earnings calls: FactSet
Fourth-quarter earnings season signifies the very first with President Joe Biden in the White House, bringing a brand new 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 ) and COVID-19 policy (nineteen) have been cited or maybe discussed by probably the highest number of businesses with this point on time in 2021," Butters wrote. "Of these twenty eight firms, seventeen expressed support (or even a willingness to work with) the Biden administration on policies to greatly reduce carbon as well as greenhouse gas emissions. These 17 firms possibly discussed initiatives to minimize the own carbon of theirs and greenhouse gas emissions or maybe services or goods they provide to help clients & customers lower their carbon and greenhouse gas emissions."

"However, 4 companies also expressed a number of concerns about the executive order establishing a moratorium on new engine oil and gas leases on federal lands (and also offshore)," he added.

The list of twenty eight companies discussing climate change as well as energy policy encompassed businesses from a broad array of industries, including JPMorgan Chase, United Airlines Holdings and 3M, alongside conventional oil majors like Chevron.

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11:36 a.m. ET: Stocks combined, S&P 500 and Nasdaq turn positive
Here's in which marketplaces had been 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 yield 1.185%

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10:15 a.m. ET: Consumer sentiment unexpectedly plunges to a six-month low in February: U. Michigan
U.S. consumer sentiment slid to probably the lowest level since August in February, based on the University of Michigan's preliminary once a month survey, as Americans' assessments of the road forward for the virus-stricken economy suddenly grew much more grim.

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

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

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

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9:30 a.m. ET: Stocks open lower, but pace toward posting weekly gains
Here is in which marketplaces had been trading simply 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 yield 1.19%

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9:05 a.m. ET: Equity funds see highest weekly inflows actually as investors pile into tech stocks: Bank of America
Stock funds simply saw the largest-ever week of theirs of inflows for the period ended February 10, with inflows totaling a record $58.1 billion, as reported by Bank of America. Investors pulled a total of $800 million out of gold and $10.6 billion out of profit throughout the week, the firm added.

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

Bank of America warned that frothiness is rising in markets, however, as investors continue piling into stocks amid low interest rates, as well as hopes of a strong recovery for corporate earnings and the economy. The firm's proprietary "Bull as well as Bear Indicator" monitoring 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
Below were the principle actions in markets, as of 7:16 a.m. ET Friday:

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

Dow futures (YM=F): 31,305.00, down 54 points or 0.17%

Nasdaq futures (NQ=F): 13,711.25, printed 17.75 points or perhaps 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 deliver 1.163%

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6:03 p.m. ET Thursday: Stock futures tick higher
Here is in which markets had been trading Thursday as overnight trading kicked off:

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

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

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

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