π Stock Market Today: DIS, DASH, TSLA and UAL - Here's what you need to know:
The major indices seem to turn around. Here's what is happening in the markets today, Friday, May 14th.
Here's what is happening in the markets today, Friday, May 14th.
The major indices seem to turn around.
All three major averages snapped three-day losing streaks by closing solidly in the green on Thursday, and this morning the futures are pointing to a higher open as well.
But it still looks pretty bad for the week.
Letβs take a look at the indices.
On Wednesday, the CPI report showed that inflation in the year to April hit a 13-year high. It climbed at its fastest pace since 2008. But on Thursday, new Fed board member Christopher Waller also helped calm inflation jitters by saying the central bank would need several more months of data before assessing economic progress.
This morning, the retail sales report for April will be released.
The big news: Masks off! The CDC issued a new guidance yesterday:
CDC Director Rochelle Walensky said :
"Anyone who is fully vaccinated can participate in indoor or outdoor activities, large or small, without wearing a mask or physical distancing. If you are fully vaccinated, you can start doing the things that you had stopped doing because of the pandemic.β
Airlines are up: AAL, UAL, DAL.
Ulta Beauty (ULTA) is up.
Mask makers. Allied Healthcare Products (AHPI) and Alpha Pro Tech (APT) closed the session down nearly 11% and 6%,
The CDC's guidelines are recommendations and don't have the force of law. Decisions on when and where masks must be worn rest with states, local governments and businesses, which can decide whether to maintain or relax their existing mask mandates.
President Biden said: βAfter a year of hard work and so much sacrifice, the rule is very simple: Get vaccinated, or wear a mask until you do,β
Earnings:
Disney's (DIS) reported earnings. However, investors weren't as impressed this past quarter as Disney+ signed up another 9M users, taking its total number to 103.6M paid subs vs. expectations of 109M. Average monthly revenue per subscriber also fell 29% to $3.99 and DIS shares were down 4.2% in extended trading.
DoorDash (DASH) The delivery companyβs stock was down 47% from its peak, but it popped more than 7% after hours following a strong earnings report yesterday. Revenue jumped 219% annually last quarter.
No credit score needed Wells Fargo (WFC), JPMorgan Chase (JPM), and U.S. Bancorp (USB) are among a group of banks that will start providing customer account information as part of a government-supported initiative to give more people access to credit cards. The idea is to use alternative data, such as bank account information, to determine credit risk for those people who don't have a traditional credit score. The pilot program is expected to start later this year and about 10 banks have agreed to exchange data. Fair Isaac (FICO), the creator of FICO credit scores is trading unchanged.
Colonial Pipeline paid $5M ransom to DarkSide hackers amid fuel crunch.
Commodity prices are sliding: Corn, Soybean and Lumber are all trading lower!
Dogecoin is up another 25%. Elon Musk had tweeted that Tesla (TSLA) might be accepting dogecoin payments.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this channel.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket
The major indices seem to turn around.
All three major averages snapped three-day losing streaks by closing solidly in the green on Thursday, and this morning the futures are pointing to a higher open as well.
But it still looks pretty bad for the week.
Letβs take a look at the indices.
On Wednesday, the CPI report showed that inflation in the year to April hit a 13-year high. It climbed at its fastest pace since 2008. But on Thursday, new Fed board member Christopher Waller also helped calm inflation jitters by saying the central bank would need several more months of data before assessing economic progress.
This morning, the retail sales report for April will be released.
The big news: Masks off! The CDC issued a new guidance yesterday:
CDC Director Rochelle Walensky said :
"Anyone who is fully vaccinated can participate in indoor or outdoor activities, large or small, without wearing a mask or physical distancing. If you are fully vaccinated, you can start doing the things that you had stopped doing because of the pandemic.β
Airlines are up: AAL, UAL, DAL.
Ulta Beauty (ULTA) is up.
Mask makers. Allied Healthcare Products (AHPI) and Alpha Pro Tech (APT) closed the session down nearly 11% and 6%,
The CDC's guidelines are recommendations and don't have the force of law. Decisions on when and where masks must be worn rest with states, local governments and businesses, which can decide whether to maintain or relax their existing mask mandates.
President Biden said: βAfter a year of hard work and so much sacrifice, the rule is very simple: Get vaccinated, or wear a mask until you do,β
Earnings:
Disney's (DIS) reported earnings. However, investors weren't as impressed this past quarter as Disney+ signed up another 9M users, taking its total number to 103.6M paid subs vs. expectations of 109M. Average monthly revenue per subscriber also fell 29% to $3.99 and DIS shares were down 4.2% in extended trading.
DoorDash (DASH) The delivery companyβs stock was down 47% from its peak, but it popped more than 7% after hours following a strong earnings report yesterday. Revenue jumped 219% annually last quarter.
No credit score needed Wells Fargo (WFC), JPMorgan Chase (JPM), and U.S. Bancorp (USB) are among a group of banks that will start providing customer account information as part of a government-supported initiative to give more people access to credit cards. The idea is to use alternative data, such as bank account information, to determine credit risk for those people who don't have a traditional credit score. The pilot program is expected to start later this year and about 10 banks have agreed to exchange data. Fair Isaac (FICO), the creator of FICO credit scores is trading unchanged.
Colonial Pipeline paid $5M ransom to DarkSide hackers amid fuel crunch.
Commodity prices are sliding: Corn, Soybean and Lumber are all trading lower!
Dogecoin is up another 25%. Elon Musk had tweeted that Tesla (TSLA) might be accepting dogecoin payments.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this channel.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket