Former E-Trade CEO Karl Roessner shares his biggest findings from the House audience on GameStop.
US stock markets rebounded on Friday after Treasury Secretary Janet Yellen asked Congress to deliver a “big package” for relief from COVID-19.
“I think the price of doing very little is much higher than the price of doing something big,” Yellen told CNBC’s Closing Bell on Thursday. “We think the benefits will far outweigh the costs in the long run.”
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGE | 31612.89 | +119.55 | + 0.38% |
| SP500 | S&P 500 | 3926.86 | +12.89 | + 0.33% |
| I: COMP | NASDAQ COMPOSITE INDEX | 13958.907966 | +93.55 | + 0.67% |
THE TAX ON ILHAN OMAR’S FINANCIAL TRANSACTIONS COULD HURT MAIN STREET: GAMESTOP AUDIENCE SPECIALIST
The Dow Jones Industrial Average rose 34 points, or 0.11%, while the S&P 500 and Nasdaq Composite advanced 0.26% and 0.5%, respectively.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| IN | DEERE & COMPANY | 331.64 | +32.83 | + 10.99% |
| CAT | CATERPILLAR INC. | 208.75 | +9.03 | + 4.52% |
Looking at inventories, Deere & Co. raised its 2021 outlook to earnings and revenue amid increased demand for its agricultural and construction machinery, which is expected to see sales grow 15% to 20% in the US and Canada, compared to 5% to 10% growth previously.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| AMAT | APPLIED MATERIALS INC. | 122.64 | +9.21 | + 8.12% |
Semiconductor equipment maker Applied Materials Inc. received a series of target price increases from Wall Street analysts after targeting revenue above expectations, despite the global chip shortage.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| UBER | UBER TECHNOLOGIES INC. | 59.41 | +0.41 | + 0.69% |
| LYFT | LYFT INC. | 59.38 | +2.31 | + 4.05% |
Britain’s higher court has ruled that some drivers at Uber Technologies Inc. are considered employees and not independent contractors. The decision will now go to an employment tribunal that will determine how these drivers will be compensated.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| ROKU | ROKU INC | 449.64 | -3.35 | -0.74% |
Streaming provider Roku Inc. reported a surprising profit, as average revenue per user increased by 24% over the previous year. The company, however, warned that full-year revenue growth will be below the levels experienced in the first two quarters of 2021.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| DROP | FUSE SCIENCE INC. | 0.054 | -0.01 | -8.47% |
File hosting service Dropbox Inc. recorded quarterly revenue that surpassed the $ 500 million mark for the first time, but its financial result was hampered by a $ 400 million property loss charge due to the permanent move to work at home.
In commodities, West Texas Intermediate crude dropped 61 cents to $ 59.91 a barrel and gold rose $ 6.70 to $ 1,781.70 an ounce.
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European markets were all trading higher, with Britain’s FTSE 100 up 0.25%, Germany’s DAX 30 up 0.87% and France’s CAC 40 up 0.7%.
In Asia, Japan’s Nikkei 225 lost 0.72%, while Hong Kong’s Hang Seng index advanced 0.16% and China’s Shanghai Composite rose 0.57%.