The markets enjoyed a healthy bounce to new highs today as President Trump announced that he will be bringing forward a comprehensive tax plan in the coming weeks. The Dow 30 was up 123, the S&P 500 was up 13, and the Nasdaq 100 gained 32 on the news. As we head into the last day of the week traders will get a look at consumer sentiment numbers which are usually a market mover.
Coca-Cola (KO ) was off by 1.86% today as the company announced earnings that matched Wall Street's expectations for fourth quarter. The company blamed unfavorable currency exchange rates for a decline in its annual revenue last year. Shares moved back towards lows but were able to close off the lows of the session.
Twitter (TWTR ) continues to suffer stock losses, losing 12.37% today when the company reported revenue that was way less than analysts estimates. Earnings beat expectations, and Twitter's monthly active users rose to 319 million, beating estimates. Investors chose to focus on earnings as the compamy adjusted its earnings guidance for the first quarter to between $75 million and $95 million. Wall Street expected an estimate of $191 million.
Whole Foods (WFM ) enjoyed a nice 3.58% gain today despite reporting revenues and comparable store sales that fell short of Wall Street expectations. Analysts focused on how the company has now reported six straight quarters of declining same store sales. Investors were optimistic that the closure of stores would be a good thing for the company's bottom line in the future.