U.S. markets were choppy throughout Thursday’s session after trading on both sides of the ledger before finishing mostly higher.
The Dow rose 0.2% after trading to an all-time intraday high of 26,458 while settling just below the 26,400 level and record close. The S&P 500 added 0.1% but fell shy of its record high of 2,852 by 4 points while finishing just below 2,840.
The The Nasdaq slipped 0.1% after testing a high of 7,458 on the open before tumbling below 7,400 and a level that held into the closing bell. The Russell 2000 climbed 0.1% to reclaim the 1,600 level.
TRADE OF THE DAY
ANALYST UPGRADES / DOWNGRADES
Carter’s (CRI) upgraded to Outperform from Market Perform at Wells Fargo
CenturyLink (CTL) upgraded to Outperform from Sector Perform at RBC Capital
Grainger (GWW) upgraded to Outperform from Neutral at Baird
Discover (DFS) downgraded to In Line from Outperform at Evercore ISI
Jagged Peak Energy (JAG) downgraded to Sector Perform from Outperform at RBC Capital
Varian Medical (VAR) downgraded to Sell from Neutral at Goldman Sachs
Friday’s scheduled earnings include:
AbbVie (ABBV), Colgate-Palmolive (CL), Gentex (GNTX), Honeywell International (HON), Lear (LEA), Nextera Energy Partners (NEP), PolyOne (POL), Rockwelł Collins (COL), World Acceptance (WRLD)
UPCOMING ECONOMIC NEWS
Friday’s economic reports (EST):
Durable Goods – 8:30am
GDP – 8:30am
International Trade in Goods – 8:30am
Retail Inventories – 8:30am
Wholesale Inventories – 8:30am
Baker-Hughes Rig Count – 1:00pm
METALS / OIL
Gold closed at $1,362.90 an ounce, up $6.60
Silver settled at $17.61 an ounce, up $0.13
Copper finished at $3.22 a pound, down $0.01
Crude Oil closed at $65.17 a barrel, down $0.44
Bitcoin Investment Trust (GBTC) settled at $1,685.00, up $14.95
Make it a great day!