SiriusXM Holdings ( SIRI) is down 16% year-to-date after rising 4.3% Friday. Enphase Energy ( ENPH) rose 5.4% but is still down 60% this year. Life sciences firm Illumina ( ILMN), down 46% year-to-date, jumped 7.7% today. Some of the year’s most notable underperforms were some of Friday’s biggest winners in the Nasdaq 100. Pfizer ( PFE) was the index’s biggest loser, falling 5.1% after it suspended a weight loss drug trial as patients reported high rates of adverse side effects.Īrista Networks ( ANET) fell 1.4%, retreating from yesterday’s all-time high closing price of more than $219. Comerica ( CMA) and Fifth Third Bancorp ( FITB) rose 6.6% and 5.6%, respectively. Zions Bancorp ( ZION) gained 7.6%, while peer Keycorp ( KEY) jumped 6.8% to its highest since March’s regional banking crisis. Regional banks, beaten down most of the year, shined Friday. Streaming leader Netflix ( NFLX) fell 1.8% today. Discovery ( WBD) jumped 9.8% and 8.4%, respectively, following reports that the former was in talks with tech giant Apple to bundle the two companies’ streaming platforms. Paramount Global ( PARA) and Warner Bros. Ulta Beauty ( ULTA) jumped 10.8% after the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. The company’s decision follows similar moves by fellow Dow components Apple ( AAPL) and Disney ( DIS). Walmart ( WMT) lost 0.9% the same day it suspended advertising on X, the platform formerly known as Twitter, after owner Elon Musk agreed with a post claiming Jewish people were promoting hatred against white people. Shares of Intel ( INTC) fell 2.2% after computer maker Dell’s quarterly earnings fell short of Wall Street estimates amid continued softness in the personal computer market. Johnson & Johnson ( JNJ) rose 2.4% after UBS upgraded the stock to buy from neutral and raised its price target ahead of J&J’s analyst day next week. The enterprise software company on Wednesday reported better-than-expected quarterly earnings amid cost cuts and interest in artificial intelligence products. Salesforce ( CRM) rose 3.2%, adding to yesterday’s 9% gain. Walgreens Boots Alliance ( WBA) shares rose 4.3% after the pharmacy chain launched its Rx Savings Finder, a digital tool to help patients find prescription medication discounts. The late-day rally wasn't enough to pull the Nasdaq out of the red it fell 0.2% yesterday but finished the month nearly 11% higher.Īll three major stock indexes rose on Friday to close their fifth consecutive week of gains. The S&P 500, down most of the day, rallied to close slightly higher. The Dow soared yesterday, lifted by Salesforce's better-than-expected quarterly earnings report. Meanwhile, two surveys showed manufacturing activity contracted in November as customers worked through inventory backlog and demand softened.īond yields fell while cryptocurrencies advanced, with Bitcoin rising above $38,200 and Ethereum passing $2,100. The Nasdaq also gained 0.6% to close out the week 0.4% higher.įederal Reserve Chair Jerome Powell, in prepared remarks given at Spelman College in Atlanta, GA, said recent data showing inflation decelerating was "welcome." He noted that core inflation has run at an annualized rate of 2.5% over the last six months compared with a rate of 3.5% over the last twelve months. The S&P 500 advanced 0.8% this week after adding 0.6% Friday. The Dow Jones Industrial Average rose 0.8% to finish the week up 2.4%. Stocks recovered from early losses to close in the green Friday after data showed manufacturing activity slowed in November and Fed Chair Jerome Powell called inflation's recent slowdown a "welcome" development. 4, 2023): For today's live markets coverage, see here.
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