The markets finished the week, month, and quarter today on a high note. The Dow 30 was added 8, the S&P 500 was able to hit record highs, adding 8, and the Nasdaq 100 also popped to new, all time highs with a gain of 42. Next week begins with some potentially market moving numbers. Manufacturing numbers along with construction spending could help set the tone early in the week. Normally construction spending numbers don't get much focus, but with the President's new tax plan, the focus will be on any economic number and how his plan may affect, or help it.
Amazon's (NASDAQ: AMZN) newest acquisition, Whole Foods announced today that it suffered a data breach at some of its taprooms and full table-service restaurants located in its stores. The company says that once they became aware of the hack they "launched an investigation and has obtained the help of a leading cyber security forensics firm." The company reassured customers that the investigation is ongoing and will provide additional updates as it learns more. Shares of Amazon were largely unaffected, adding 0.52% on the day.
Nvidia (NASDAQ: NVDA) enjoyed a bullish day today as Citi upped their price target. The analyst raised its price target from $185 to $210 a share, suggesting another 20% upside from here. Analyst Atif Malik noted "Nvidia's position in artificial intelligence, deep learning and self-driving cars" as part of the reason for their new price expectations. For the year shares of Nvidia are higher by almost 70%.
Walmart's (NYSE: WMT) announced today that their Jet.com asset would be gearing up to compete in the online grocer space, competing directly with Amazon. Reports showed that the company has plans to launch a private-label line for food, grocery and household items this year. Shares of the stock were lower today but for the year have added around 15%.