Vance Howard tells ‘The Claman Countdown’ why he is 100% invested in stocks
The U.S. stock market pulled off the record highs on Monday as another week of trading and a heavy earnings calendar began on Wall Street.
The Dow Jones Industrial Average fell 118 points, or 0.35%, while the S&P 500 and Nasdaq Composite were down 0.52% and 0.98%, respectively. Both the Dow and the S&P ended on a record high on Friday as the key averages reached their fourth consecutive win. The Nasdaq ended 0.4% below its own all-time high last week.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| Ek: DJI | DOW JONES AVERAGE | 34077.63 | -123.04 | -0.36% |
| SP500 | S&P 500 | 4163.26 | -22.21 | -0.53% |
| I: COMP | after | after | after | after |
Boeing and Intel weighed in on the Dow, while Coca-Cola saw a rise after reporting revenue and earnings that exceeded analysts’ estimates, saying the volume returned to March 2020. Apple also rose ahead of a product event that took place on Tuesday, and also when the technology giant welcomed the conservative social platform Parler into its app store.
APPLY REINSTALL FOR THE APP STORE
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| INTC | INTEL CORP. | 63.63 | -1.12 | -1.73% |
| BA | THE BOEING CO. | 244.03 | -4.17 | -1.68% |
| KO | THE COCA-COLA CO. | 54.03 | +0.29 | + 0.54% |
| AAPL | APPLE, INC. | 134.84 | +0.68 | + 0.51% |
In the news, GameStop Corp. CEO George Sherman was fired on or before July 31, with the appointment of a successor.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| GME | GAMESTOP | 164.46 | +9.97 | + 6.45% |
Elsewhere, Coinbase Global Inc. CEO Brian Anderson sold $ 291.8 million worth of shares after the company debuted on the Nasdaq last week.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| COIN | Currency base global | 333.00 | -9.00 | -2.63% |
Meanwhile, the shares of Tesla Inc. were in focus after a Model S vehicle that was on a pilot killed two people over the weekend and caused a fire that raged for four hours.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| TSLA | TESLA, INC. | 714.63 | -25.15 | -3,40% |
Peloton Interactive Inc. was under pressure after regulators warned of safety risks associated with the company’s careers following dozens of incidents that resulted in injuries. Peloton said its careers are safe if consumers follow their safety instructions.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| PTON | PELOTON INTERACTIVE, INC. | 107.75 | -8.46 | -7.28% |
In transactions, office furniture maker Herman Miller Inc. agreed to acquire furniture and accessories company Knoll Inc. for $ 1.8 billion in cash and stock. The deal will pay Knoll shareholders the equivalent of $ 25.06 per share, a 45% premium to Friday’s closing price.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| KNL | KNOLL INC | 23.30 | +6.10 | + 35.47% |
| MLHR | HERMAN MILLER | 40.46 | -3.84 | -8.67% |
In earnings, Harley-Davidson Inc. said sales of motorcycles and related products rose 12% from a year ago to $ 1.23 billion amid growing demand for touring bikes. As a result, the company raised its sales forecast for the entire year.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| HOG | HARLEY DAVIDSON | 44.31 | +3.96 | + 9.81% |
In commodities, West Texas Intermediate crude rose 25 cents to $ 63.38 a barrel and gold slipped $ 9.60 to $ 1,769.40 an ounce.
GET FOX BUSINESS ON THE GO by clicking here
Overseas markets were mixed.
In Europe, the DAX 30 of Germany decreased by 0.59% and the British FTSE 100 of 0.28%, while the CAC 40 of France increased 0.15%.
Asian markets were higher than the Japanese Nikkei 225 by 0.01%, the Hong Kong Hang Seng index rose by 0.47% and the Chinese Shanghai Composite index by 1.49%.