The major averages hit their session lows around midday. They later recovered after CNBC's Kayla Tausche reported theTraders work on the floor of the New York Stock Exchange on January 10, 2020 in New York City.Despite Friday's muted trading moves, stocks posted back-to-back weekly gains. The S&P 500 and Dow rose 1.6% and 1%, respectively, this week. The Nasdaq gained 2.2%. Those advances come even as investors grapple with a rising number of reported coronavirus cases.
This week, Amazon, Netflix and Google-parent Alphabet all climbed more than 2%. Apple, meanwhile, ended the week 1.5% higher.Core retail sales, which exclude autos, gas, building materials and food services, were unchanged last month, the Commerce Department said. Friday The department added clothing-store sales had their biggest one-month decline since 2009.
"If you look at consumer debt, it's been going up and a lot of people have maxed out their credit cards. That would hold back strong spending in spite of the fact that you have cheap gasoline prices." Nvidia shares rose 7% after its quarterly results beat analyst expectations. Expedia got an 11% boost from its earnings while Newell Brands climbed 3%.
Waiting for the China fiasco to skew the markets
I’ve been watching and trading markets for 35+ years. I have never seen a more blatantly FAKE STOCK MARKET as right now! Did you see that close! Pure manipulation. Ridiculous.
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