U.S. markets closed lower on Friday after recovering steep losses midday while managing to close the week higher. The Dow has its best week of the year after surging 2.9% but giving back 0.2% to snap a 5-session win streak. The S&P 500 also slipped 0.2% while adding 1.5% for the week, its biggest weekly gain since September.
The Nasdaq stumbled 0.4% to extend its weekly loss to 0.6% while closing below the 6,900 level for the 3rd-straight session. The Russell 2000 fell 0.5% but jumped 1.2% for the week and is just 1% below last Thursday’s all-time high.
Agco (AGCO) upgraded to Conviction Buy from Neutral at Goldman Sachs
Mellanox (MLNX) upgraded to Buy from Neutral at Longbow
Vantiv (VNTV) upgraded to Outperform from Neutral at Wedbush
Priceline (PCLN) downgraded to Hold from Buy at Argus
Regeneron (REGN) downgraded to Neutral from Buy at Citi
VMware (VMW) was downgraded to Hold from Buy at Gabelli
Monday's scheduled earnings include:
Ascena Retail Group (ASNA), Coupa Software (COUP), GW Pharmaceuticals (GWPH)
Monday's economic reports (EST):
Factory Orders - 10:00am
TD Ameritrade IMX- 12:30pm
Gold closed at $1,282.30 an ounce, up $5.60
Silver settled at $16.39 an ounce, down $0.09
Copper finished at $3.09 a pound, up $0.03
Crude Oil closed at $57.17 a barrel, down $0.19
Make it a great day!
Join Over 84,750 Traders Receiving Our FREE Daily Trading Videos