Dog Days

Financial Review

….Nasdaq moves higher – other don’t. Tail end of earnings outweighs trade wars. Oil tumbles. Nat gas bridge. Canadians v. Saudis. Home prices spiral higher. Android Pie. Alexa, buy me something. Financial Review by Sinclair Noe for 08-08-2018 DOW – 45 = 25,583 SPX – 0.75 = 2857 NAS + 4 = 7888 RUT – 1 = 1686 10 Y un = 2.97% OIL – 2.40 = 66.77 GOLD + 3.00 = 1214.50 The Nasdaq Composite posted its 7th consecutive day of gains; the longest streak since March as Facebook and Amazon close higher. Facebook and Amazon led the index higher, rising 0.8 percent and 1.3 percent, respectively. Google-parent Alphabet also rose 0.4 percent. But the rest of the market closed down, slightly. Wall Street has reached the tail end of the latest corporate earnings season. Nearly 90 percent of S&P 500 companies have released their calendar second-quarter results. Of those companies, 76 percent have reported better-than-forecast quarterly profits, according to FactSet. CVS Health posted better-than-expected earnings, sending its shares up by 4.2 percent. Yelp’s stock jumped more than 11 percent in the extended session after the company reported strong second-quarter results. Roku shares rose more than 8 percent during after-hours trading following the release of its second-quarter results. The company earned 0 cents per share, beating Wall Street’s expectations of a 15 cents per share loss. Jack in the Box’s stock was up more than 7 percent in the extended session, after the fast-food ...

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