DJIA Moves a Little Away from 20,000 Mark
The Dow Jones Industrial Average (DJIA) went down by 76.42 points to close at 19,887.38 on Monday, on account of weakness in energy stocks.
The S&P 500 index lost 8.08 points and closed at 2,268.9.
U.S. stocks ended mostly lower as oil prices slid and the weakness in energy stocks led the DJIA lower.
But the NASDAQ Composite index posted another high as healthcare and technology stocks gained. The NASDAQ rose 10.76 points to close at 5,531.82.
Stock Market News Today
Investor focus now shifts to earnings, as the Donald Trump stock market rally appears to be taking a pause. The following stocks are likely to be in the news in the stock market today.
Apple Stock Inches Higher
Apple Inc. (NASDAQ:AAPL) stock has been inching higher for a while now. Morgan Stanley (NYSE:MS) called AAPL stock the top pick of 2017. The analyst is bullish on the “iPhone” supercycle, as well as the tax reforms likely to be introduced by the Trump administration.
AAPL stock gained 0.9% on Monday and closed at $118.99.
NVIDIA Stock Rocks
NVIDIA Corporation (NASDAQ:NVDA) was one of the top performers on Monday, with NVDA stock rising by a little over four percent. NVIDIA rocked at the just-concluded CES 2017 trade show in Las Vegas, where the company announced its plans for the artificial intelligence (AI) “Co-Pilot” and its partnership with Audi to bring self-driving cars to the market. NVIDIA is also partnering with Alphabet Inc (NASDAQ:GOOGL), also known as Google, to make homes smarter.
Yahoo! Inc. (NASDAQ:YHOO)
Yahoo stock closed at $41.34, up by 0.3% on Monday. And the news is in that after Verizon Communications Inc. (NYSE:VZ) buys the core Internet business of Yahoo, the remaining part of the business will be called “Altaba.” This is the new name for the company’s stake in Alibaba Group Holding Ltd (NYSE:BABA) and other holdings.
Moreover, Yahoo CEO Marissa Mayer will exit the board after the Verizon deal.
Alphabet Inc (NASDAQ:GOOGL)
Alphabet Inc will be in focus as reports are in that the company plans to sell off its “Skybox” satellite business to Planet Labs Inc. Alphabet’s Google division had acquired Skybox for about $500.0 million three years ago, and the imaging satellite business was renamed as “Terra Bella” last year. Google used it for “Google Maps,” and the decision to sell it most likely arises from the company’s plans to cut down on expensive projects.