US STOCKS: Late Equities Roundup: Tech Shares Help DJIA Extend Record High Again

Feb-09 19:49
  • Stocks are drifting modestly higher late Monday, technology stocks helping the DJIA extend record highs for the second consecutive session, SPX emini and Nasdaq indexes still shy of late January record highs.
  • Currently, the DJIA trades up 56.89 points (0.11%) at 50175.99 vs. 50219.40 high, S&P E-Mini Futures up 45.5 points (0.65%) at 6998, Nasdaq up 266.8 points (1.2%) at 23297.78.
  • Software services and chip maker shares led advances on the week opener: AppLovin +13.95% after CapitalWatch
    issued a public apology and acknowledged that its report, published last month, contained inaccuracies linking AppLovin shareholder Hao Tang to criminal organizations, CNBC reported.
  • Oracle gained +10.52% after strengthening its "healthcare cloud and AI strategy, announcing the successful migration of five Ontario hospitals’ electronic health records to its cloud platform alongside the launch of a clinical AI pilot aimed at boosting clinician efficiency and system performance," Bbg reported.
  • Other gainers included: Palantir Technologies +6.10%, Corning +5.84%, Broadcom +4.20% and Advanced Micro Devices +4.02%.
  • Conversely, Health Care sector shares underperformed, Waters Corp shares declining over 12% "after the company closed its acquisition of a Becton Dickinson unit and gave earnings guidance below expectations," DJ reported. Other laggers included Merck -3.85%, Molina Healthcare -3.61% and Elevance Health -3.11%.

Historical bullets

MNI: MNI TEST 02, Please Ignore

Jan-09 23:36

Test Test TEST

MNI: MNI Test, Please Ignore

Jan-09 23:30

Test, ignore

US LABOR MARKET: MNI US Employment Insight: U/E Rate Improves But Payrolls Soft

Jan-09 21:16
image