The benchmark S&P 500 registered a record high for the third straight session, while the Dow and Nasdaq also hit new highs. The Dow recorded a fifth straight week of gains.
Month: December 2016
RigNet Inc’s Stock Caught Fire on Friday
Offshore service stocks jumped on Friday without any news to drive the rally, with RigNet joining the likes of Seadrill Partners and others in a double-digit rally. It is a bit of a head-scratcher given that oil only rose 1.3% to roughly $51.50 per barrel, which is quite tame for crude these days — and still left it half a percentage point in the red for the week.
Municipal-bond week in review: Yields back down a bit
The 10-year yield on the AP Municipal Bond index was 2.665 percent, as of 5 p.m. Eastern time Friday. That’s down from 2.808 percent the previous week, but it’s still a lot higher than a month ago, before the election, when the yield was just 2.063 percent.
Amgen and Broadcom climb; Restoration Hardware falls
The company said Muhtar Kent will step down as CEO next year and will be replaced by Coke’s chief operating officer. The mining company said it will be bought by South Africa’s Sibanye Gold in a deal the companies valued at $2.2 billion.
How the Dow Jones industrial average finished Friday
U.S. stocks rose for the sixth day in a row Friday as major indexes continued to set records. The biggest gains went to companies that have been mostly left out of the post-election rally, including health care companies and makers of household goods.
Better Buy: bluebird bio, Inc. vs. Kite Pharma
Several clinical-stage biotechs are developing therapies usingchimeric antigen receptor T cells . Two of them in particular have enjoyed some good news in 2016: bluebird bio .
1 Reason NVIDIA Investors Need to Worry
The second-place player in this segment, Advanced Micro Devices lags NVIDIA by a huge margin as it commanded just 29% of the discrete GPU market in the third quartert, according to Jon Peddie Research. However, a year ago, NVIDIA’s dominance in the discrete GPU market was even greater.
First Female Shuttle Commander Remembers John Glenn
Former NASA astronaut Eileen Collins hailed the first U.S. astronaut to orbit the earth as a very wise and mission-oriented person she aspired to be like. “When I was a child, I read about the Mercury astronauts, I read about the Gemini astronauts and John Glenn of course was such a wonderful role model.