U.S. markets traded higher for the fourth-straight session following Friday’s run to continued all-time highs. The Dow rose 0.9% after trading to 25,299 ahead of the closing bell while setting its third-straight record close. The S&P 500 climbed 0.7% while closing at 2,743 and a third-point off its fourth-straight closing high. For the week, the S&P jumped 2.6% while the Dow soared 2.3%.
The Nasdaq added 0.8% after tapping 7,137 while ending a half-point off its fourth-straight closing high. The Russell 2000 closed above the 1,560 level after advancing 0.3% but missed a fresh record high by three-quarters of a point. For the shortened week, the Nasdaq rallied 3.4% while the Russell 2000 was up 1.7%.
ANALYST UPGRADES / DOWNGRADES
CVS Health (CVS) upgraded to Overweight from Equal Weight at Morgan Stanley
Foot Locker (FL) upgraded to Buy from Neutral at Buckingham
Lowe’s (LOW) was upgraded to Overweight from Equal Weight at Barclays
Johnson Controls (JCI) downgraded to Neutral from Outperform at Baird
Roku (ROKU) downgraded to Sell from Neutral at Citi
Wingstop (WING) downgraded to Neutral from Outperform at Wedbush
Monday’scheduled earnings include:
Helen of Troy (HELE)
UPCOMING ECONOMIC NEWS
Monday’s economic reports (EST):
TD AmeriTrade IMX – 12:30am
Consumer Credit – 3:00pm
METALS / OIL
Gold closed at $1,322.30 an ounce, up $0.70
Silver settled at $17.28 an ounce, up $0.01
Copper finished at $3.23 a pound, down $0.03
Crude Oil closed at $61.59 a barrel, down $0.43
Bitcoin Investment Trust (GBTC) settled at $2,337.88, down $133.88
Make it a great day!