How Canada Goose Stock Took Flight

The Dow and S&P 500 are eyeing fourth-straight wins

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Schaeffer's Midday Market Check
2/04/2021
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Upbeat Economic Data Sends Stocks Higher at Midday


By: Lillian Currens

This morning's upbeat weekly jobless claims data, along with well-received earnings from eBay (EBAY) and PayPal (PYPL), are propping up the market at midday. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are both eyeing their fourth-consecutive wins. The blue-chip index is roughly 296 points higher, thanks to outsized gains from Apple (AAPL), which is nearing an agreement with Hyundai-Kia to produce autonomous electric cars. Meanwhile, the Nasdaq Composite (IXIC) is also eyeing a sizable win. Elsewhere, Republicans countered President Joe Biden's $1.9 trillion stimulus proposal with a $618 billion relief fund, trimming individual payments to Americans down to $1,000. 

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

  • Earnings win sends Canada Goose stock flying high.
  • Why Clorox stock can't capitalize on its fourth-quarter beat. 
  • Plus, Sunrun stock stares at key trendline; AACG scores new record; and biotech stock gives back gains. 
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