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Stocks close mixed, Dow sets new record ahead of important inflation update

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U.S. stocks ended mixed on Monday after the S&P 500 index hit a historic close earlier in the day as investors braced for the year's first major inflation update and the next set of earnings reports.

The S&P 500 (^GSPC) ended just below the flat line after a record week in which the benchmark closed above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) rose about 0.3% to a new record, while the tech-heavy Nasdaq (^IXIC) fell 0.3%.

Chipmaker Nvidia (NVDA) stock rose 2% on Monday, hitting a new record before paring its gains. Britain's Semiconductor Design Arm (ARM) also set a new record, extending its gains from last week.

Stock prices have risen as the market has seen a series of better-than-expected earnings, with tech giants leading the way. John Deere (DE), Coca-Cola (KO), Airbnb (ABNB), and Kraft Heinz (KHC) in the next batch of quarterly reports, which will serve as document highlights in the coming days. It is attracting attention.

But this week will bring another test to the bull run, with January's consumer price index set to be released on Tuesday. The CPI report gives investors the first insight into how well inflation is on track in 2024, along with an update on consumer spending and an update on the timing and pace of the Federal Reserve's interest rate cuts this year. It will set expectations.

read more: Impact of Fed interest rate decisions on bank accounts, CDs, loans, and credit cards

Traders are scaling back bets on a March interest rate cut amid a series of warnings from cautious Fed officials. There will be more Fedspeak on Monday, with regional presidents Michelle Bowman, Tom Barkin and Neel Kashkari set to appear.

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  • Dow sets new record ahead of important inflation record

    U.S. stock markets closed mixed on Monday, with the Dow Jones Industrial Average ( ^DJI) rose 0.3% to a new record.

    The S&P 500 (^GSPC) closed just below the flatline after a record week in which the benchmark closed above 5,000 for the first time.

    The tech-heavy Nasdaq (^IXIC) fluctuated wildly during trading, closing 0.3% lower.

    Chipmaker Nvidia (NVDA) stock rose 2% on Monday, hitting a new record before paring its gains. Britain's Semiconductor Design Arm (ARM) also set a new record, extending its gains from last week.

  • JP Morgan lifts Lowe stock with DIY optimism

    Lowe's (LOW) stock rose 3% on Monday following an upgrade from a J.P. Morgan analyst who said lower mortgage rates are likely to increase demand for home improvement projects.

    Analyst Christopher Horvath raised his sell-side rating on LOW stock from “neutral” to “overweight,” while increasing his price target from $210 to $265.

    The market expects the US Federal Reserve (Fed) to cut interest rates this year, which will spur a decline in mortgage rates, JPMorgan said. If interest rates are lowered, sales in the existing home market will increase.

    “While we continue to believe that fixing mortgage rates will partially dampen the economic recovery, the potential magnitude of such a recovery is likely to be significantly lower than consensus expectations,” Horvers said. This suggests that it will accelerate.”

    He added: “Because home sellers make small upgrades and new buyers buy a new set of basic items (trash cans, flower pots, awnings, etc!) when they move, this Charles is a do-it-yourselfer. There is a possibility that it will be promoted,” he added.

    Still, Hovers expects LOW to lead this year “conservatively.”

    “We believe the LOW is widely expected to be guided somewhere between $12.00 and $12.50. [EPS] “We are within range to clear the deck by 2024,” he wrote.

    Lowe's is scheduled to announce its fourth quarter results at the end of this month.

  • monday trend ticker

    Arm Holdings (arm)

    British chipmakers hit new highs on Monday, extending gains from last week on a better-than-expected profit outlook.

    Arm stock rose more than 30% over the session. The stock is up 100% since last Wednesday, when Arm's quarterly results were released.

    Diamondback Energy (fang)

    The oil and gas producer's stock rose more than 8% on Monday after it announced it would acquire privately held Endeavor Energy for $26 billion in a cash and stock deal.

    The merger follows a series of recent partnerships in the U.S. Permian Basin and region spanning from west Texas to southeastern New Mexico.

    The acquisition positions Diamondback as the third largest oil company in the region.

    Airbnb (ABNB)

    The company's shares rose more than 4% on Monday ahead of its quarterly earnings release scheduled for Tuesday.

    “Since Airbnb released its guide in early November, we have seen a rebound in travel trends (with healthy ADR),” BofA analysts said in a Monday note. “This suggests an upside trend.”

    The company's analysts reiterated their “neutral” rating on the stock.

    Airbnb stock has increased about 15% since the beginning of the year.

  • Why the White House cares about how much it pays for Super Bowl snacks

    One thing is certain ahead of Tuesday's return to high-profile inflation figures: Political players will be drawn to changes in food prices.

    As Yahoo Finance's Ben Werschkul reports, the focus on grocery stores has been particularly intense from the White House, with President Joe Biden and aides in recent days ranging from the price of chicken wings to the size of a bag of potato chips. We talk about everything, from the very beginning.

    Please see here for the detail.

  • GM confirms Equinox EV will cost $34,995 and have a range of 319 miles

    General Motors (GM) Chevrolet has finally revealed pricing details for its next electric vehicle, the Equinox. As Pras Subramanian reports, the company is actually targeting a low-end market where there have been few products before.

    Chevrolet confirmed that dealer orders will begin soon. Chevrolet says the entry-level Equinox EV in 1LT FWD (front-wheel drive) trim will start at $34,995 and will go on sale in the fall. However, the destination fee: an additional $1,395.

    GM also said it expects the Equinox EV to have an EPA range of 319 miles (FWD).

    Please see here for the detail.

  • Nvidia's market capitalization exceeds Amazon, Alphabet

    Nvidia's (NVDA) market capitalization surpassed the valuations of Amazon (AMZN) and Alphabet (GOOG) as the chip maker's stock hit a new all-time high on Monday.

    The stock has risen more than 50% since the beginning of the year, hitting an intraday high of $746.11 per share.

    Nvidia's market capitalization reached $1.83 billion on Monday, surpassing Amazon's $1.8 billion. The chipmaker is slightly larger than Alphabet, which has a market capitalization of about $1.82 billion.

    Nvidia surpassed Amazon in market capitalization on Monday as chipmaker stocks continue to rise.Nvidia surpassed Amazon in market capitalization on Monday as chipmaker stocks continue to rise.

    Nvidia surpassed Amazon in market capitalization on Monday as chipmaker stocks continue to rise.

  • Arm stock soars 30% as AI forecast expands rally

    Arm Holdings (ARM) shares rose more than 30% on Monday, extending last week's more than 60% rise after the designer of Britchchip Inc. announced better-than-expected earnings guidance.

    Investors are betting that the company is well-positioned to benefit from the AI ​​boom.

    The stock is up 100% since last Wednesday, when Arm's quarterly results were released.

    “Arm's licensing revenue was supported by increased demand for new technologies, particularly AI,” the company said in its latest letter to shareholders.

  • Forget Microsoft and Apple, Alphabet, Amazon, and Nvidia are competing for $2 trillion.

    Microsoft (MSFT) may have supplanted Apple (AAPL) as the top spot on Friday with its highest market cap ever ($3,124,869,988,352), but both companies are in the red today. There is.

    Another interesting race is emerging for third place between Alphabet (GOOGL), Amazon (AMZN), and Nvidia (NVDA). Even though Alphabet has posted a respectable 6% gain so far this month, the ferocious gains of Amazon (up 12%) and Nvidia (up 17%) are due to the fact that one of the latter two It suggests the possibility of becoming the top. The third The valuation of U.S. listed companies is expected to reach $2 trillion. (Alphabet rebounded just short of this mark in November 2021.)

    “Mag7” market capitalization competition intensifies

    Nvidia, which now accounts for more than a quarter (26%) of the S&P 500's market capitalization increase this year, is rising. only It accounts for 4% of the weight of the benchmark index.

  • Stocks rise slightly after record-setting week for S&P 500

    Stock prices rose slightly in mid-morning, with the Dow Jones Industrial Average (^DJI) rising 0.3% and the tech-heavy Nasdaq Composite Index (^IXIC) rising 0.3%.

    The S&P 500 (^GSPC) rose 0.2% after a record week in which the benchmark ended above 5,000 for the first time in history.

    Chipmaker Nvidia (NVDA) rose 2% on Monday, hitting another all-time high. Shares of Airbnb (ABNB) rose 4% ahead of the house-sharing platform's quarterly results scheduled for Tuesday.

  • Diamondback stock rises 8% on merger agreement

    Diamondback Energy (FANG) soared more than 8% on Monday after the oil and gas producer announced it would acquire privately held Endeavor Energy for $26 billion in a cash and stock deal.

    The move to combine the two companies, headquartered across the street from each other in Midland, Texas, follows a series of recent partnerships in the space.

    Ed Haas, an economist and energy researcher at the University of Houston, told Yahoo Finance that the deal is “logical.” “The combined companies will definitely see some savings.”

    According to the merger announcement, the combined company will expand in the following ways: 838,000 net acres; 816,000 barrels of oil and gas per day.

    The operation will break even on West Texas Intermediate (CL=F) at less than $40 per barrel. WTI is currently trading above $76 per barrel.

  • Stocks stabilize after record week for S&P 500

    The S&P 500 (^GSPC) opened near the flatline on Monday after a record week in which the benchmark closed above 5,000 for the first time in history.

    The Dow Jones Industrial Average (^DJI) fell 0.1%, but the tech-heavy Nasdaq Composite Index (^IXIC) generally traded stably.

    Sectors that rose on Monday included energy, real estate and materials. Technology and healthcare stocks fell slightly.



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