The markets were unable to make much progress on the last day of the week. Investors seemed to be ok with calling it quits early as the markets hit new highs on the week. The Dow 30 (DIA ) added almost 2% thanks to a boost on Monday. The S&P 500 (SPY ) added another 1% this week as well, hitting new highs in the process. The Nasdaq 100 (QQQ ) continues to be the stronger of the markets in the short term and was able to add another 2%.
Next week starts with a look at some pending home sales numbers, and spending reports. All eyes will be on the FOMC next Wednesday along with the next fed rate announcement.
Alphabet (GOOGL ) had a wild day of trade as the company reported fourth-quarter earnings that came in below analysts' estimates. They cited a "one-time tax adjustment" and less income on its pay per click properties. One good note was that revenue topped expectations, jumping 22% from a year ago driven largely by mobile and YouTube ads.
Intel (INTC ) enjoyed a move to new highs today after the company reported better than expected earnings and revenue for the fourth quarter. The company reported "strong PC sales during the holiday and growth in its data center business", which offers cloud-based software services. Shares are now up almost 4% on the year.
Starbucks (SBUX ) suffered a steep decline today as the coffee retail chain cut its revenue outlook for the year after reporting quarterly earnings report that missed estimates. The company cited "weaker than expected same store sales growth in the first quarter."
Microsoft (MSFT ) enjoyed a strong move today, hitting new highs as their bet on the cloud continues to pay off. The software company announced a beat on both its top and bottom lines for its fiscal second quarter. Revenue was announced at $26 billion, attributed to strength in sales of its cloud offerings, like Azure, which almost doubled.
