Gamco Investors’ chairman and CEO join ‘Barron’s Roundtable’
The Nasdaq Composite rose to a record high on Monday morning as investors prepared for a busy week of technological earnings.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| I: COMP | NASDAQ COMPOSITION INDEX | 13710.536754 | +167.48 | + 1.24% |
| SP500 | S&P 500 | 3857.57 | +16.10 | + 0.42% |
| Ek: DJI | DOW JONES AVERAGE | 30921.75 | -75.23 | -0.24% |
The technically heavy Nasdaq Composite was 1.06% higher, while the S&P 500 was up 0.28%. The Dow Jones Industrial Average, meanwhile, fell 134 points, or 0.43%.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| AAPL | APPLE INC. | 144.22 | +5.16 | + 3.71% |
| FB | FACEBOOK INC. | 276.57 | +2.07 | + 0.75% |
| MSFT | MICROSOFT CORP. | 228.69 | +2.74 | + 1.21% |
| TSLA | TESLA INC. | 884.97 | +38.33 | + 4.53% |
The early advance put the Nasdaq on track for a fourth consecutive record high, as investors weighed in on the weight of Apple Inc., Facebook Inc., Microsoft Corp. and Tesla Inc. later this week. wait.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| SBUX | STARBUCKS CORPORATION | 103.58 | -0.33 | -0.32% |
| MCD | MCDONALD’S CORP. | 212.29 | -1.19 | -0.56% |
Other companies that will report their quarterly results this week include McDonald’s Corp. and Starbucks Corp. as well as the major airlines.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| MRK | MERCK & CO INC. | 80.50 | -0.47 | -0.58% |
| PFE | PFIZER INC. | 36.82 | +0.27 | + 0.74% |
| BNTX | BIONTECH SE | 108.29 | -0.15 | -0.14% |
Elsewhere, Merck & Co have discontinued the search for a COVID-19 vaccine and would rather focus on developing therapy for those who already have the disease.
The Pfizer BioNTech vaccine has been approved for emergency use in Australia and AstraZeneca Plc has told European officials that production problems will produce 60% fewer vaccines than promised in the first quarter.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 4.67 | +1.16 | + 32.81% |
Meanwhile, AMC Entertainment raised $ 917 million in debt and equity, prompting the discussion that would call the disputed film chain bankrupt. The company said the funds will expand its financial lane to deep into 2021.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 121.91 | +57.16 | + 88.28% |
GameStop shares pushed higher on Monday as short sellers continued to rush to the exit after short-term interest rates recently reached more than 150% of outstanding shares. The stock rose 226% from January 12 to Friday.
In commodities, the West Texas Intermediate Crude oil slipped 9 cents to $ 52.18 per barrel and gold added $ 8.20 to $ 1,864.40 per ounce.
European markets were generally lower, with the British FTSE 100 down 0.92%, while the French CAC 40 and DAX 30 were down 1.22%.
In Asia, China’s Shanghai Composite Index rose 0.49%, Japan’s Nikkei 225 rose 0.67% and Hong Kong’s Hang Seng Index rose 2.41%.