Wall Street climbs back to record highs
We’ve got more record highs for Wall Street as earnings roll in and economic data keeps improving. Plus, Bitcoin jumps again as Jamie Dimon has more bad things to say. Is this your sign to buy or take profits? And, Trump says the national debt is getting a boost from stocks at all-time highs. Does he have a point?
Catch The Final Round at 3:55 p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and reporters Justine Underhill and Jared Blikre.
Winners and losers
Stocks ending the week on a down note include Hostess as the Twinkie-maker announced its CEO would be leaving the company next March; PG&E on concerns downed power lines created the massive fires in Northern California; and Tenet Healthcare, with shares slumping as the Trump administration announced the immediate cut off of subsidies to insurers that are required by law.
Shares getting a lift include Alliance Data Systems as the CRM company’s net charge-offs dipped from a month ago; Nvidia as Needham raised its price target to $250, citing earnings potential from Nvidia’s data center products; and HP Inc., with shares jumping as its full-year profit forecast topped estimates and will pass on 50 to 70% of its free cash flow to shareholders.
