Gamco Investors President and CEO joins ‘Barron’s Roundtable’
Nasdaq Composite soared to a record high on Monday morning, with investors gearing up for a busy week of tech gains.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| I: COMP | NASDAQ COMPOSITE INDEX | 13710.536754 | +167.48 | + 1.24% |
| SP500 | S&P 500 | 3857.57 | +16.10 | + 0.42% |
| I: DJI | DOW JONES AVERAGE | 30921.75 | -75.23 | -0.24% |
The high-tech Nasdaq Compound was up 1.06%, while the S&P 500 was up 0.28%. The Dow Jones Industrial Average, in turn, fell 134 points, or 0.43%.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 144.22 | +5.16 | + 3.71% |
| FB | FACEBOOK INC. | 276.57 | +2.07 | + 0.75% |
| MSFT | MICROSOFT CORP. | 228.69 | +2.74 | + 1.21% |
| TSLA | TESLA INC. | 884.97 | +38.33 | + 4.53% |
The early advance put Nasdaq on the road to a fourth consecutive record close, while investors await the profits from the heavyweights of Apple Inc., Facebook Inc., Microsoft Corp. and Tesla Inc. later this week.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| SBUX | STARBUCKS CORPORATION | 103.58 | -0.33 | -0.32% |
| MCD | MCDONALD’S CORP. | 212.29 | -1.19 | -0.56% |
Other companies expected to release their quarterly results this week include McDonald’s Corp. and Starbucks Corp., as well as major airlines, among others.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| MRK | MERCK & CO. INC. | 80.50 | -0.47 | -0.58% |
| PFE | PFIZER INC. | 36.82 | +0.27 | + 0.74% |
| BNTX | BIONTECH SE | 108.29 | -0.15 | -0.14% |
Elsewhere, Merck & Co. has ended its search for a COVID-19 vaccine and will instead focus on developing therapies for those who already have the disease.
The Pfizer-BioNTech vaccine was approved for emergency use in Australia and AstraZeneca Plc told European Union officials that production problems would result in the delivery of 60% less vaccines than promised in the first quarter.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 4.67 | +1.16 | + 32.81% |
Meanwhile, AMC Entertainment raised $ 917 million in debt and equity, announcing that the troubled film network would declare bankruptcy. The company said the funds extend its financial lead “deeply into 2021”.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 121.91 | +57.16 | + 88.28% |
GameStop’s shares rose further on Monday, with short sellers continuing to rush out, after short interest recently reached more than 150% of the outstanding shares. The shares rose 226% from the close of January 12 through Friday.
In commodities, West Texas Intermediate crude dropped 9 cents to $ 52.18 a barrel and gold added $ 8.20 to $ 1,864.40 an ounce.
European markets fell across the board, with Britain’s FTSE 100 weaker at 0.92%, while France’s CAC 40 and Germany’s DAX 30 fell 1.22%.
In Asia, China’s Shanghai Composite index rose 0.49%, Japan’s Nikkei 225 rose 0.67% and Hong Kong’s Hang Seng index rose 2.41%.