Here Are 4 Hot Things to Know About Stocks Right Now
The Dow Jones Industrial Average and S&P 500 have risen for six straight days.
The Dow posted its best week since November 2016.
The Dow still remains more than 1,300 points below its all-time high reached on Jan. 26.
For the week the Dow jumped 4.25%, the S&P 500 gained 4.30% and the Nasdaq climbed 5.31%.
Wall Street Overview
Stocks came off their highs on Friday, Feb. 16, but regained momentum after
news that a federal grand jury had indicted 13 Russian nationals and three Russian entities accused of interfering with U.S. elections, said U.S. Special Counsel Robert Mueller's office.
The Dow Jones Industrial Average closed up 19 points, or 0.08%, to 25,219. The S&P 500 gained 0.04% and the Nasdaq declined 0.23%. For the week the Dow jumped 4.25%, the S&P 500 gained 4.30% and the Nasdaq climbed 5.31%.
Steel stocks, such as U.S. Steel Corp. (X) - Get Report and AK Steel Holding Corp. (AKS) - Get Report , jumped on reports the the Commerce Department will recommend wide-ranging tariffs on steel and aluminum imports. U.S. Steel rose 14% and AK Steel jumped 14%.
Stocks closed higher on Thursday, Feb. 15, for a fifth straight session. The Dow finished up 306 points, or 1.23%, to 25,200. The S&P 500 gained 1.21% and the Nasdaq rose 1.58%.
In U.S. economic data released Friday, import prices in January rose 1%, while export prices rose 0.8%. Housing starts in January jumped 9.7% to annual rate of 1.33 million, well ahead of estimates that called for an increase of 4.2%.
The University of Michigan's consumer sentiment index in February rose to 99.9, up from last month's 95.7, and the second-highest level in 14 years.
The 10-year Treasury note was yielding 2.859% on Friday, after hitting a fresh four-year high of 2.94% earlier in the week.
Deere & Co. (DE) - Get Report reported fiscal first-quarter earnings of $1.31 a share, 11 cents ahead of analysts' estimates. Revenue was $6.91 billion while analysts expected $6.42 billion. The heavy equipment maker said it expects 29% growth in equipment sales for 2018, up from an earlier forecast of 22% growth. The stock rose 1.8% on Friday.
Coca-Cola Co. (KO) - Get Report posted fourth-quarter adjusted earnings of 39 cents a share, topping forecasts by 1 cent. Revenue fell 20% to $7.5 billion but still beat forecasts that called for $7.4 billion. The company said it sees adjusted earnings-per-share growth of 8% to 10% in 2018.
Coca-Cola shares rose 0.64%.
Kraft Heinz Co. (KHC) - Get Report posted fourth-quarter adjusted profit of 90 cents a share, 5 cents below estimates. Sales of $6.88 billion came in below forecasts of $6.91 billion. Shares fell 2.6%.
Campbell Soup Co. (CPB) - Get Report reported adjusted earnings of $1 a share, beating Wall Street estimates of 82 cents. Sales in Campbell Soup's fiscal second quarter of $2.18 billion beat forecasts of $2.16 billion. Organic sales in the quarter, however, fell 2%, and U.S. soup sales declined 7%. The stock declined 3.2%.
In what would be one of its biggest overseas deals, Walmart, the world's largest retailer, is looking at buying new and existing shares in Flipkart and due diligence is likely to begin as early as next week, the sources said.
New York investment fund SRS Investment Management LLC, the largest investor in Avis Budget Group Inc. (CAR) - Get Report , has launched a fight to shake up the car-rental car company's board, The Wall Street Journal reported. Avis Budget Group shares rose 3%.