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MarketWatch MarketPulseApr 18, 2019
Dow, S&P 500 open in record territory as investors watch for Pinterest, Zoom IPOs
U.S. stocks opened modestly higher Thursday morning as investors weighed a stream of data and economic reports, in the final day of trading this week. (Markets will be closed in observance of Good Friday). The Dow Jones Industrial Average rose 92 points, or 0.4%, at 26,538, the S&P 500 index advanced 0.2% at 2,904, while the Nasdaq Composite Index traded flat at 7,995. All three equity gauges were within striking distance of records. Although investors will be tracking the report linked to Special Counsel Robert Mueller's investigation into Russian election interference during President Donald Trump's 2016 campaign, investors are mostly focused on earnings and the health of the U.S. economy. Thus far, earnings have been OK, with first-quarter earnings improving somewhat, according to CFRA, which said consensus estimates now call for a 2.3% fall in first-quarter operating earnings per share, or EPIS, up from estimates for a 3% drop ahead of the kickoff of earnings season, but down from the 4.5% increase projected at the end of last year. On the economic front, jobless claims slipped by 5,000 to 192,000 in the seven days ended April 13, falling to a 50-year low, the government said Thursday. Economists polled by MarketWatch forecast a 204,000 reading. Separately, A reading of retail sales soared 1.6% last month, the government said Thursday. Economists polled by MarketWatch expected sales to climb 1.1%. On the corporate front, Zoom Video Communications and social-image share site Pinterest Inc. were set to officially go public Thursday. Check out: Live coverage of the Mueller report, Barr news conference

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseApr 18, 2019
Stock market ends holiday-shortened week higher, with Dow within shouting distance of a record
U.S. stocks ended higher Thursday as investors appeared to find optimism in a round of corporate earnings and economic reports, and as a highly anticipated release of a redacted version of an investigation of Russian interference in Trump's 2016 campaign, known as the Mueller report, hasn't yet revealed major surprises.(Markets will be closed in observance of Good Friday). The Dow Jones Industrial Average finished up 110 points, or 0.4%, at 26,559 (on a preliminary basis), the S&P 500 index ended the session 0.2% higher at 2,905, while the Nasdaq Composite Index finished in positive territory but mostly flat at 7,998. For the week, the Dow rose 0.6%, the S&P 500 booked a 0.1% decline, while the Nasdaq rose a slight 0.2%. All three benchmarks are within striking distance of records, with the Dow about 1% shy of its Oct. 3 closing high. Thursday also featured a parade of prominent initial public offerings, including those for Zoom Video Communications Inc. and Pinterest Inc. . On the data front, a report on retail sales showed a rise of 1.6% in March, beating consensus estimates, and the Conference Board's Index of Leading Economic Indicators rose 0.4% in March, indicating a slight uptick in U.S. economic activity from a weak start to 2019. However, the Philadelphia Fed's regional manufacturing index fell to a three-year low of 8.5, below economists expectations of 11. The market took the release of Special Counsel Robert Mueller's report in stride.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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