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It was an interesting week on Wall Street, with the Dow, Nasdaq and S&P 500 all reaching record highs despite the housing and manufacturing sectors missing their targets.
The S&P 500 logged its third straight all-time high close, gaining 6.47 points, or 0.3%, ending the day at 2,129.2 points. Meanwhile, the Dow rose 26.32 points, or 0.1%, ending the day at 18,298.88, beating its previous record close of 18,288.63, which was set on March 2.
Nasdaq added 30.15 points, or 0.6%, to end Monday at 5,078.44.
Earnings season carried on this week as dividend payers released financial results. Here’s a few of note from Monday:
Stocks were mixed on Tuesday despite positive data regarding the U.S. housing market. The S&P 500 gave back 1.37 points, while the Nasdaq shaved 8.40 points. The Dow, however, closed in positive territory as it edged up to a record high, gaining 13.51 points.
There were also some big players that announced earnings on Tuesday:
In economic news, Building Permits came in higher than expected at 1.14 million compared to the predicted 1.06 million.
Stocks were lower on Wednesday as Fed uncertainty left traders unsure about the U.S. economic recovery.
The Dow Jones Industrial Average shed 26.99 points, or 0.15%, to 18,285.40, breaking a four-session win-streak. The S&P 500 index dipped 1.98 points, or 0.1%, to 2,125.85. Nasdaq added 1.71 points, less than 0.1%, to close at 5,071.74.
Earnings of note:
Several major economic reports hit the Street on Thursday:
In earnings news:
In all, Thursday saw little volume before the holiday weekend. The S&P 500 ground out a new record high, adding 4.97, or 0.2%, to 2,130.82, passing its last record that was 4 days prior. The Dow Jones Industrial Average gained 0.34 point to 18,285.74, just 0.1% shy of its Monday record. Nasdaq rose 19.05, or 0.4%, to 5,090.79, stopping just short of its April 24 record.
Before the opening bell on Friday, earnings reports were released from the following companies:
Campbell Soup (CPB ) reported Q3 adjusted EPS of $0.62, $0.10 better than the analyst estimate of $0.52. Revenue for the quarter came in at $1.9 million versus the consensus estimate of $1.94 million.
Deere & Co. (DE ) reported Q2 EPS of $2.03, $0.47 better than the analyst estimate of $1.56. Revenue for the quarter came in at $8.17 billion versus the consensus estimate of $7.53 billion.
Earnings season has wrapped up, though there are a few stocks reporting next week, which we have outlined below. Remember, Monday is a bank holiday.
Tuesday will see core durable goods orders, CB Consumer Confidence reports and Richmond Manufacturing Index.
Unemployment Claims will be announced Thursday before the bell as well as the GDP Preliminary estimate. Further, earnings will be announced by Abercrombie & Fitch Co. Liquid error: internal and GameStop Corp. Liquid error: internal.
Friday will feature earnings from Big Lots (BIG ).
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