Bears Surround Sliding REIT

The Dow is eyeing a triple-digit win at the midday mark

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Midday Market Check
 
 

2/12/2020

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Dow, S&P Touch More Fresh Highs, Nasdaq Not Far Behind

By Lillian Currens

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The Dow Jones Industrial Average (DJI) is piggybacking on this week's impressive rally, grabbing even more record highs, with a triple-digit pop at the midway mark amid a report from China's National Health Commission that coronavirus cases have slowed to their lowest levels in weeks. The S&P 500 Index (SPX) also hit another fresh high midday, and the Nasdaq Composite Index (IXIC) isn't far behind, with the tech-rich index getting a boost from several surging semiconductor names. A slowdown in coronavirus cases, along with potential production cuts from the Organization of the Petroleum Exporting Countries (OPEC) are propping up oil prices as well, with crude for March delivery up 3.2% at $51.33 per barrel at last check. 

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

  • Analysts react as Bed Bath & Beyond stock navigates even more rocky terrain. 
  • The underperforming REIT getting blasted by a bear note. 
  • Plus, bears blast MTCH stock; CPSI gets big boost after earnings; NSP slammed on dismal Q1, 2020 guidance. 
>> Continue reading...
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