Buffett's Billion-Dollar Stake Attracts Bulls

Last week brought an unexpected jump in first-time jobless claims

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Schaeffer's Opening View
2/18/2021
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Jobless Claims Weighing on Stock Futures


By: Laura McCandless

Futures on the Dow Jones Industrial Average (DJI) are down over 175 points at last check, set to sharply reverse course from yesterday's record closeS&P 500 Index (SPX) and tech-heavy Nasdaq-100 Index (NDX) futures are firmly in the red too, as the tech sector continues to pull back.  

Investors are also weighing the latest corporate earnings with lackluster economic data. Initial jobless claims for last week unexpectedly rose to 861,000, and the week prior was revised to 848,000 from 793,000. U.S import prices rose as well, while housing starts fell 6% in January.

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

  • Warren Buffett buzz brings options bulls to Verizon stock. 
  • The utility stock seeing plenty of pent-up pessimism
  • Plus, WMT dips on a forecast warning; Twilio stock surges after earnings; and MAR manages an earnings beat.
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