The Nasdaq is on track for its fifth straight weekly win
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| | | 11/01/2019 | |
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| New Highs for S&P, Nasdaq After Upbeat Jobs Report | | By Patrick Martin | | The Dow Jones Industrial Average (DJI) looks ready to close out the week on a high note, up 240 points at midday. A blowout October jobs report is powering the upside, as payrolls easily beat estimates even amid a General Motors (GM) auto strike. The blue-chip index is also enjoying tailwinds from upbeat quarterly reports from energy giants Exxon Mobil (XOM) and Chevron (CVX), as the Dow barrels toward its second straight weekly win. Both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) earlier nabbed new intraday record highs while cruising toward weekly wins; the fourth straight for the former and fifth straight for the latter. Elsewhere, oil prices are bouncing back on encouraging manufacturing data from China, with December-dated crude futures up 1.8% at $55.16 per barrel. Continue reading for more on today's market, including: - Pinterest stock is heading for its worst day ever after earnings.
- This insurance stock is about to head into a bearish month.
- Plus, Newell options traders react to earnings; Alphabet places a buyout bid for Fitbit; and another Apple supplier explodes higher after earnings.
| | >> Continue reading... | |
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