The markets were higher to close the week as President Trump rolled back some of the regulations from the Dodd/Frank bill. The news sent banks higher on the day which sent the markets higher as well. The Dow 30 was up 186, the S&P 500 added 16, and the Nasdaq 100 gained 30. Going into next week the focus will continue to be on earnings, along with any more developments from the White House that may affect the markets or economy.
Amazon (NASDAQ: AMZN) shares fell 3.54% today after the earnings report wasn't everything that Wall Street investors were expecting. The company announced mixed results for the fourth quarter. The focus was on revenue which was up 22% from a year ago, but below what the street was expecting. Also, revenue from the AWS (Amazon Web Services) grew 47%, but that also missed expectations. Earnings were the only metric that came in better than expected. Shares are still up over 7% for the year.
GoPro (NASDAQ: GPRO) was smacked today, down 12.67% after the action cam maker reported a bigger than expected miss on revenue for its holiday quarter. This forced the company to lower expectations on sales for the current quarter. Shares remain just off their lows with no sign of interest from the bulls.
Chipotle (NYSE: CMG) shares were lower by 4.63% today after announcing earnings and revenue that missed estimates for the fourth quarter. Profit fell nearly 77% from year ago. The company attributed this to higher prices for avocados and other ingredients. Investors had none of it and sold shares all day long. By the end of the session prices were at their lowest point of the day.