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The Nasdaq also touched an all-time best

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Midday Market Check


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S&P Hits Record High

By Lillian Currens

Share On

The Dow Jones Industrial Average (DJI) is modestly higher at midday, led by bank stocks, as traders look ahead to a full week of earnings and economic data. In addition, Wall Street is digesting relatively tame inflation data ahead of the Fed’s policy meeting, with the central bank widely expected to stand pat on interest rates. Elsewhere, the S&P 500 Index (SPX) hit a new all-time intraday high for the first time since September, with speculators cheering the biggest increase in consumer spending in nearly 10 years last month. The Nasdaq Composite (IXIC) is also higher, after touching its own record peak.

Continue reading for more on today’s market, including: 

  • AMC stock is higher on a record box-office weekend.   
  • This red-hot tech stock could have room to run.  
  • Plus, options bulls jump on Dropbox stock; SOHU enjoys a revenue beat; and Veoneer stock plummets as the company seeks funding. 

>> Continue reading…

>> Choosing the Right Online Broker
Click to continue to advertiser’s site.
>> Snap Options Traders Load Up on Calls
Snap is partnering with Shopify to open up advertising on its app
>> AMC Entertainment Stock Gains After Record-Breaking Weekend
AMC theaters saw a record-breaking Friday and Saturday at its U.S. locations
>> Dating App Drama Has Momo Stock Spiraling
Some mobile app stores in China have dropped Momo’s Tantan app
>> Barclays Spots Buying Opportunity In Target Stock
Analysts also weighed in on CVS before earnings

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Schaeffer's Midday Market Check

2019-04-29 16:29:07

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