The markets were fairly calm to finish the week. Retail was once again a headline sector but it wasn't all bad. The markets mostly finished lower in a week where volatility was quite low. With little in the way of headlines the markets remained near highs for now. As far a scheduled news, next week is more of the same. The week starts with very little, market moving news. By the end of the week there is some retail sales numbers but not much else. Traders will have to react to company specific, and political news as its distributed.
AstraZeneca's (NYSE: AZN) was a big mover today as shares popped over 8% today, and closed near the highs of the session. The move came after news that its new drug shows it can reduce the risk of stage 3 lung cancer in clinical trials. The pharmaceutical said "it will seek regulatory approval of the drug as soon as possible." Investors cheered the move with additional buying today adding to its 24% return for 2017.
Tiffany (NYSE: TIF) shares were slightly higher today following an upgrade from Goldman Sachs (NYSE: GS) The firm adjusted their rating to buy from neutral and raised its price target to $107 a share. The investment firm thinks "Tiffany will benefit from pick ups in spending by international tourists and high-end US consumer spending." While many other retail stocks have suffered lately, Tiffany has held on to its upward momentum and is up over 19% on the year.
Fiat Chrysler (NASDAQ: FCAU) made headlines today though shares were mostly muted. The company announced that it will recall more than 1.2 million Ram pickup trucks to fix an issue with a safety sensor and software. This will affect mostly the US trucks. Reports showed that the safety sensor and software issues have been linked to one death and two injuries. Fiat Chrysler said the recall will begin in late June.