The markets started the day higher today but this time were able to hold most of their gains on the day. Today's more broad based rally which included almost every sector helped the Dow 30 close higher by 157. The S&P 500 closed higher by 14, and the Nasdaq 100 closed higher for the 4th time in 5 trading days with a gain of 66.
Sector News
Semiconductors were one bright spot in the markets today as investors looked at China comments as a bullish sign on trade. The sector added nearly 2% on the news but remains in a highly volatile trading range over the last two months.
Stock News
Shares of Twitter (NASDAQ: TWTR) broke to new, 4 month highs today after quietly moving higher despite the recent market declines. Investors looked for relative strength today in names like Twitter which have been holding their own. Shares are higher by over 10% in just the last 5 days.
Verizon (NYSE: VZ) shares traded lower today as the stock was downgraded by Morgan Stanley. The company said the stock is now fairly valued thanks to it's out performance compared to the S&P 500 as well as competitors like AT&T (NYSE: T). Shares are still higher by about 8% on the year.
Dave & Busters (NASDAQ: PLAY) shares plummeted nearly 10% today, hitting new, 5 month lows despite the company beating on earnings and revenue. Investors ran for the exits as the company reported a lower 2019 forecast compared to Wall Street analyst consensus. Shares have sold off over 30% since hitting a high back in September.