Dow notches fifth consecutive record high as crude oil plunges

Tue, Aug 1, 2017, 11:39 AM

Stocks are up at the midday mark, with the major indices (^DJI, DIA, ^GSPC, SPY, ^IXIC, QQQ) modestly in the green. The financial (XLF) and tech (XLK) sectors are leading the way up, while (ironically) the industrial (XLI) sector is the most in the red. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Dan Roberts, as well as Yahoo Finance tech critic David Pogue, and Mark Martiak, senior wealth strategist at Premier Wealth First Allied Securities.

Today on Midday Movers, we talk about:

Under Armour shares plunge after earnings report
Mixed US economic data in focus
Outlook for US economy and stocks
Greenspan: We’re in a bond bubble
Ford, GM auto sales disappoint for July
Soundcloud’s fall from grace
Bitcoin cryptocurrency splits
Uber hitches a ride with Barclays
Soda consumption falls to 31-year low

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GameStop jumps as 'Roaring Kitty' returns from three-year hiatus
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Fort Worth's tallest building sells for just $12.3M at auction in stunning price drop
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Warren Buffett Sold Apple and Paramount. Here's What He's Buying Instead.
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Intel nears $11 billion deal with Apollo for Ireland facility, WSJ reports
Intel and Apollo are in exclusive talks for the deal, which could be signed in the coming weeks, the report said, citing people familiar with the matter. Other investment firms including KKR and infrastructure investor Stonepeak were also in the running before Apollo recently pulled ahead, the report added. Intel and Apollo Global Management did not immediately respond to Reuters requests for comment.
Reuters
Are Stocks Going to Crash? This Forecasting Tool Hasn't Been Wrong in 65 Years, and It Has a Sobering Message for Wall Street
This historically flawless predictive tool has accurately foreshadowed what's to come for the U.S. economy since 1959.
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Should You Buy the Best-Performing Vanguard Dividend ETF of the Decade?
It is beating its dividend peers by a wide margin.
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Stock market today: US futures inch up with inflation data in focus
Attention is on this week's CPI report, seen as a potential starting gun for Fed rate cuts.
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Nvidia Is Leading the Artificial Intelligence (AI) Charge, But These 2 Companies Are Rising Stars
Nvidia's GPUs are the sexier story, but advanced packaging companies may be the next big AI growth story.
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Marriage Takes Work—Especially When Only One Spouse Retires
David Buck, 60, stepped back from a long career in sales management just as his wife, Susan Rose, 58, an ordained minister, leaned in, working 40-plus hours a week. David now folds more of the laundry and takes on grocery duties. Only 18% of retired households claimed Social Security at the same time, according to a review of Federal Reserve data conducted by the Center for Retirement Research at Boston College.
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Dow notches fifth consecutive record high as crude oil plunges

Today on Midday Movers, we talk about:

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A Once-in-a-Decade Opportunity: 3 Magnificent Dividend Stocks Down Between 19% and 28% to Buy Now and Hold Forever

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