U.S. markets continued their record run into blue-sky territory after the Senate voted to pass a bill that would reopen the federal government following a 3-day shutdown.
The Nasdaq added 1% after closing at a record peak of 7,408 and has traded higher in 11 of 14 sessions to start 2018. The S&P 500 climbed 0.8% to a lifetime high of 2,833 and has held the 2,800 level in three of the past four sessions.
The Dow gained 0.6% after trading to an all-time intraday high of 26,215 while holding the 26,000 level for the 4th-straight session. The Russell 2000 rose 0.5% to close back above 1,600 and an all-time high of 1,605.
ANALYST UPGRADES / DOWNGRADES
Aflac (AFL) upgraded to Strong Buy from Outperform at Raymond James
Harley-Davidson (HOG) upgraded to Outperform from Market Perform at Wells Fargo
Verizon (VZ) upgraded to Outperform from Sector Perform at Scotia Howard Weil
Apple (AAPL) downgraded to Neutral from Overweight at Atlantic Equities
American Express (AXP) downgraded to Neutral from Buy at Guggenheim
Symantec (SYMC) downgraded to Neutral from Outperform at Credit Suisse
Tuesday’s scheduled earnings include:
BankUnited (BKU), Capital One Financial (COF), Cree (CREE), HB Fuller (FUL), Huntington Bancshares (HBAN), Johnson & Johnson (JNJ), Kimberly-Clark (KMB), Mercury Systems (MRCY), Navient (NAVI), Popular (BPOP), Procter & Gamble (PG), Prologis (PLD), South State (SSB), State Street (STT), Texas Instruments (TXN), TSYS (TSS), Travelers (TRV), Union Bankshares (UBSH), United Continental (UAL), Verizon (VZ), Waters (WAT)
UPCOMING ECONOMIC NEWS
Tuesday’s economic reports (EST):
Redbook – 8:55am
Richmond Fed Manufacturing Index – 10:00am
METALS / OIL
Gold closed at $1,331.90 an ounce, down $1.20
Silver settled at $16.99 an ounce, down $0.05
Copper finished at $3.20 a pound, up $0.01
Crude Oil closed at $63.67 a barrel, up $0.30
Bitcoin Investment Trust (GBTC) settled at $1,686.00, down $82.03
Make it a great day!
QUOTE OF THE DAY