Why Lululemon Could Stay Hot

Schaeffer's Market Recap

Caterpillar's earnings reaction pressured the Dow and S&P today

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Market Recap
 
 

4/24/2019

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Nasdaq Retreats from Record High as Stocks Slip

By Emma Duncan

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The Nasdaq hit a record intraday high today thanks to blowout earnings for online retailer eBay (EBAY), but couldn't sustain this momentum into the close. The S&P 500 and Dow closed lower, too, pressured by a negative earnings reaction for Caterpillar (CAT) and big drops for energy stocks Exxon Mobil (XOM) and Chevron (CVX). Nevertheless, losses were muted as Wall Street looks ahead to another busy batch of earnings reports, with Microsoft (MSFT) and Facebook (FB) among those reporting tonight.

Continue reading for more on today's market, including:

  • 2 mining stocks to watch tomorrow.
  • Why Lululemon Athletica stock could stay hot.
  • The defense sector had Wall Street buzzing.  
  • Plus, the S&P signal flashing; the drug stock that waffled after earnings; Amkor traders respond to Airpods hype.
>> Continue reading...
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