Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow finished slightly higher on Friday, but the S&P 500 and Nasdaq declined.
- For the week the Dow dropped 0.47%, the S&P 500 fell 0.54% and the Nasdaq declined 0.66%.
- U.S. crude oil settled on Friday at $71.34 a barrel, a decline of 0.24%.
Comments late Thursday from President Donald Trump suggest the second stage of trade talks between the world's two biggest economies may not provide the kind of relief investors have been looking for over the past few weeks.
"The reason I doubt (the outcome of the talks) is because China has become very spoiled. The European Union has become very spoiled," Trump told reporters in the Oval Office. "Other countries have become very spoiled because they always got 100% of whatever they wanted from the United States. But we can't allow that to happen anymore."
U.S. stocks finished mixed on Friday following the president's comments with the Dow Jones Industrial Average being the lone major index to finish in the red. The Dow was up 1 point, or less than 0.01%, to close at 24,715. The Nasdaq declined 0.38% and the S&P 500 fell 0.26%.
Shares of Campbell Soup Co. (CPB) fell 12% after CEO Denise Morrison stepped down after seven years as head of the company amid an effort to revive flagging sales.
Shares of PayPal Holdings Inc. (PYPL) rose 2% Friday after the company announced the $2.2 billion purchase of Swedish startup iZettle. The move significantly expands the company's in-store presence, CEO Dan Schulman said.
Shares of department store retailer Nordstrom (JWN) slumped 10% after the company reported slowing sales growth and soft comps even though it topped analysts' quarterly earnings expectations.
Jim Cramer and the AAP team hold positions in PayPal and Nordstrom for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells PYPL and JWN? Learn more now.
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