Stocks had a strong start to the week showing green across the board. The S&P 500 was up 7 closing at new all time highs, while the Nasdaq 100 added 31 reaching new 2016 highs. News this week will focus around Fed speak and the beginning of earnings season tomorrow after the close.
Twitter (NASDAQ: TWTR) suffered a 2.05% decline today after SunTrust downgraded Twitter to neutral from buy on concerns over user growth and monetization challenges. Twitter also announced it has reached a deal with CBS to live-stream the Democratic and Republican National Conventions later this month.
Wal-Mart (NYSE: WMT) was slightly higher today (0.30%) after the retail giant announced it is taking on Amazon's Prime Day by offering free shipping this week with no minimum purchase. This offer will be in addition to its recently launched 30-day free trial of ShippingPass, which offers unlimited 2-day shipping for $49 per year.
Netflix (NASDAQ: NFLX) fell 2.46% today as after An article in barrons warned that the stock could drop 40%. The article cited content spending as the biggest risk to Netflix.
Ford (NYSE: F) added 1.38% after the auto giant announced details on its new 2017 F-150. Ford says its 3.5-liter EcoBoost V6 engine and 10-speed automatic transmission will be set to go this fall.
ConocoPhillips (NYSE: COP) showed a small gain on the day (0.35%) after JPMorgan upgraded ConocoPhillips to neutral from underweight with a $44 price target.