ECONOMIC SILUET: Stocks just miss record | Dow 650,000?

Jumat, 25 Oktober 2019

Stocks just miss record | Dow 650,000? | Biggest deficit in 7 years

FRI, OCT 25, 2019

EVENING BRIEF

AS OF FRI, OCT 25, 2019 • 04:01 ET

DJIA		26955.89
		+0.56%	+150.36

S&P 500		3022.27
		+0.40%	+11.98

NASDAQ		8243.12
		+0.70%	+57.32

Most Active

DOW
NAME	LAST	CHG	%CHG
INTC	56.46	+4.23	+8.10%
MSFT	140.74	+0.80	+0.57%
AAPL	246.58	+3.00	+1.23%

S&P 500
NAME	LAST	CHG	%CHG
INTC	56.46	+4.23	+8.10%
AMD	32.71	+0.99	+3.12%
BAC	31.72	+0.36	+1.15%

NASDAQ
NAME	LAST	CHG	%CHG
INTC	56.46	+4.23	+8.10%
AMD	32.71	+0.99	+3.12%
TSLA	328.13	+28.45	+9.49%

EDITOR'S NOTE

So close!

After weeks of hovering around its July 26 record, the S&P 500 came within inches of reaching its all-time high Friday after strong earnings from companies such as Intel and Visa. Those results helped offset disappointing results from Amazon.

Wall Street also got a lift from positive trade news. The U.S. Trade Representative's office said China and the U.S. are close to finalizing parts of a phase one trade deal. This was not enough, however, to bring the S&P 500 above its record.

Stocks will get another go at the record highs on Monday, the first day of the busiest week of the earnings season.

More than 140 S&P 500 companies are scheduled to report next week, including heavy hitters such as Apple, Facebook, Alphabet, General Electric and Starbucks.

So far, 38.2% of S&P 500 have posted quarterly numbers. Of those companies, 78% posted better-than-expected results, according to FactSet. But there were some notable disappointments. Amazon and Twitter reported weaker-than-expected results on Thursday.

Wall Street will navigate next week's heavy earnings slate while bracing for a Federal Reserve monetary policy meeting. Traders are largely expecting the central bank on Wednesday to cut rates for the third time this year.

But the key for investors will lie in the clues the central banks gives for future policy moves, writes CNBC's Patti Domm, noting that economists are all over the map about their Fed expectations after next week's meeting.

Navigating the world of financial products such as credit cards can be confusing. That's why we launched CNBC Select where we simplify the process by crunching the numbers, reviewing dozens of offers and providing you with all the information you need in one place. Click here to learn more.