Wall Street hits 5 straight days of all-time highs
February 15, 2017
This market (^DJI, ^GSPC, ^IXIC) just can’t be stopped – 5 days in a row of all-time highs, with Health Care and Consumer staples leading the way. Catch The Final Round at 4 p.m. with Justine Underhill and Yahoo Finance Editor-in-Chief Andy Serwer.
Winners and losers
Stocks getting hit include Angie’s List as revenue missed the mark for the local services website, LendingClub after the online lending platform issued weaker than expected outlook for the current quarter and fiscal year, and AIG – shares of the insurance giant getting whacked after taking a $5.6 billion charge in order to boost reserves for claims.
Stocks pushing higher today include Fortress Investment Group as the asset manager will be bought by Japan’s Softbank for $3.3 billion, Southwest Airlines after Berkshire Hathaway revealed a new stake in the airline, and Yahoo – shares of our corporate parent popping midday on a Bloomberg report that Verizon has struck a new deal to acquire Yahoo, with a price tag that’s $250 million less than the earlier agreed up on $4.8 billion deal.
Crude oil to breakout?
Oil is back in the spotlight after (FS) the oil cartel that could– OPEC– successfully reduced production, you can see the drop of about one million barrels per day there. But will it be enough for oil break out of its trading range? Joining us now is Dan Dicker of The Energy Word, and author of the book “Shale Boom, Shale Bust.”
Looking ahead ...