The markets were mostly higher to wrap up the week as Apple (NASDAQ: AAPL) continued to add to its new $1 trillion valuation. The Dow 30 closed higher today by 136 thanks mostly to Apple and IBM (NYSE: IBM). The S&P 500 added 13, and the Nasdaq 100 closed higher by 9
Comments from China about retaliatory tariffs on $60 billion worth of goods along with jobs numbers were the main economic considerations for investors today. Earlier in the week, Trump said he would consider raising the 10% tariff on $200 billion in goods to 25%.
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CBS (NYSE: CBS) was once again the focus today as the company reported earnings that beat expectations. CEO Leslie Moonves made positive comments about the future of the companies and the earnings beat, but did not address allegations of sexual misconduct levied against him, which many investors had hoped to hear more about.
Activision Blizzard (NASDAQ: ATVI) shares were lower today despite a beat on earnings and revenue. The company guided lower than expected for full year revenue, sending shares down 4%. Shares still show a 16% gain on the year overall.
GoPro (NASDAQ: GPRO) shares were higher by 20% today as the company announced a loss of 15 cents per share and revenue that came in better than expected. The loss was smaller than Wall Street anticipated, which helped support prices today.