Stock market live updates: Stocks set to rise again, Nasdaq futures hit 'limit up,' Microsoft gains

9:08 am: Sports retailers Lululemon & Nike gain after upgrades

Shares of Lululemon and Nike rose 5% and 1% respectively during premarket trading on Friday after bullish calls from Street analysts. Citi upgraded Lululemon to a buy, saying the company should fare better than most retailers amid the coronavirus outbreak given the brand's strong e-commerce business. "Looking beyond near-term disruptions, LULU is a standout in retail and we do not believe their long-term earnings power is at risk.

If the S&P closes positive today it would be its first 2 consecutive days of gains in more than a month, back to Feb 12If the Dow closes positive today it would be its first 2 consecutive days of gains in more than a month, back to Feb 6If the Nasdaq closes positive today it would be its first 2 consecutive days of gains in a month, back to Feb 19The Russell 2,000 closes positive today it would be its first 2 consecutive days of gains in a month, back to Feb 207:41 am: GOP senators face...

to sell large equity holdings before global markets began a historic plunge thanks to the spread of the novel coronavirus. Burr, chairman of the Senate Intelligence Committee, sold somewhere between $630,000 and $1.7 million worth of stock while Loeffler disclosed a string of sales that began on Jan. 24, the same day her committee hosted a private briefing about the virus.

In the three weeks after Jan. 24, Loeffler and her husband, Jeffrey Sprecher, sold shares worth between $1.25 million and $3.1 million, according to government records. Sprecher is chairman of the New York Stock Exchange and chairman and CEO of its holding company International Exchange. —7:40 am: Coronavirus update: Global death toll tops 10,000, California issues stay home order

Who is using Uber now?

After stocks fall 30%-90%, genius analysts act like robots, don’t think and upgrade corporations. Will they double upgrade them when they go down a further 20% and have cash flow problems? I think they will. New paradigm. Traditional brainless analysis won’t work here. THINK.

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