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Watch Us LIVE from the Floor of NYSE! February 10, 2017 Financial News – Business News – Stock News – Market News – Stock Exchange

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2017

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2017

On Monday, economic news was light, so traders focused on the strength of the American consumer, as well as analyzing how the Trump administration’s policies will affect the economy with a growing realization that fiscal stimulus and other programs may take longer to implement than originally anticipated. At market close, ten year Treasuries yielded 2.41%, oil closed at $53.77 a barrel, and gold climbed to $1,229 an ounce, its highest level since last November. Markets closed down slightly.

On Tuesday, the trade deficit for December came in at $44.3 billion compared to the prior month’s $45.7 billion, boosted by strong exports. The JOLTS job openings report for December was 5.501 million, slightly less than the prior month, and more evidence of solid demand for labor. During the current earnings season, almost 70% of reports issued to date have topped earnings estimates, and markets ended the day up slightly, with the NASDAQ composite reaching a new high.

On Wednesday, the EIA petroleum status report for the week ending February 3rd saw crude oil inventories jump a huge 13.8 million barrels, yet crude oil rose on the news to close at $52.34 a barrel. Ten year Treasuries yielded 2.33%, and gold continued its climb to settle at $1,239 an ounce. Markets closed mixed, however, the NASDAQ composite reached a new high.

On Thursday, jobless claims for the week ending February 4th fell 12,000 to 234,000, one of its lowest levels on record. President Trump also said he would announce in the next few weeks a plan that would be “phenomenal in terms of tax.” Markets closed up strongly with the S&P 500 and NASDAQ composite at record highs.

On Friday import price for January rose .4%, compared to the prior month’s .5% gain, and export prices rose .1% compared to the prior month’s .4% gain. Markets surged on the news and on optimism about Trump’s upcoming tax plan. Now let’s take a look at some stocks.

Twitter, Inc. (NYSE: TWTR) shares fell more than 10% after the company reported fourth-quarter revenue that fell short of Wall Street estimates, as the social network had trouble attracting advertisers. The company said revenue rose just 1% to $717 million in the fourth-quarter, missing analysts’ estimates of $740 million. However, earnings were 16 cents a share, beating analysts’ estimates of 12 cents per share.

Shares of Panera Bread Co. (NASDAQ: PNRA), the bakery-café restaurant operator, rose over 8% reaching new highs after topping analysts’ expectations. The company reported fourth-quarter earnings of $2.05 per share on $727.1 million in revenue, beating expectations of $2 per share. Full-year 2016 adjusted earnings per share were $6.74, but Panera anticipates adjusted earnings in 2017 to increase to between $7.45 and $7.70 a share.

On Tuesday, Disney Co. (NYSE: DIS) reported fiscal first-quarter earnings that fell short of Wall Street estimates, hurt by a decrease in subscribers and rising costs at ESPN. Total revenue fell 3% percent to $14.8 billion, while profit fell as much as 10% to $1.55 per share.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) initially fell over 5% percent as the company reported earnings that missed analyst estimates. Wall Street analysts expected earnings of $1.27 per share, but the company only hit 87 cents on revenue of $494 million. However, shares quickly climbed back up over 11%.

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