Dow Jones to Wait and Watch
In news about the stock market today, the Dow Jones Industrial Average (DJIA) is expected to take its cue from the earnings announcements this week as the DJIA hovers around the 20,000 mark.
The DJIA closed at 19,885.73 on Friday after losing 5.27 points.
However, the NASDAQ Composite index gained 26.63 points, to close at a new record level of 5,574.12. The S&P 500 index was up about 4.2 points and closed at 2,274.64.
As the U.S. presidential Inauguration Day gets closer, the Dow Jones is likely to wait for more clarity on Trump’s policies.
Stock Market Today: Stocks To Watch
Facebook Inc (NASDAQ:FB) stock gained about 1.4% on Friday and closed at $128.34. The company is in the news as it begins to roll out its fake news filter in Germany ahead of the national elections later this year. The lawmakers have been concerned about the growth of fake news, so the move by Facebook should be welcome.
Moreover, analysts are bullish on Facebook stock for the year 2017 as the concerns about rising costs take a backseat, and the potential for higher revenues becomes clear.
Tesla Motors Inc (NASDAQ:TSLA) stock gained about 3.5%, to close at $237.75, in Friday’s session. TSLA stock has been marching upwards consistently, following the announcement of its fourth-quarter deliveries. Investors are optimistic that Tesla will be able to meet its goals this year, and that the “Model 3” car will beat expectations.
Tesla has already announced that battery cell production has begun at its “Gigafactory” and, with the successful acquisition of SolarCity Corp (NASDAQ:SCTY), the company is set to transform itself into a sustainable energy company.
Netflix, Inc. (NASDAQ:NFLX) stock hit a record high of $133.70 on Friday as the company’s earnings announcement comes closer. Analysts are bullish on Netflix stock as expectations are that the company will come up with strong subscriber numbers.
Netflix has been investing a lot of resources in expanding its international presence and its original content. The company also started adding local language support to its content for international customers, which is likely to bring improved results.