The Trump rally continued today as the markets were all in the green. The Dow 30 added another 63 points, again hitting new highs. The S&P 500 did the same, adding 4, and the Nasdaq 100 was up 23. Traders were quick to note that the Volatility index was quite strong today despite the markets move higher. As the week comes to an end the news will be light. Tomorrow traders will focus on consumer sentiment numbers due out in the morning.
Amazon (NASDAQ: AMZN) shares were lower today by 0.40% as the company contradicted a Wall Street Journal report that came out earlier. A representative for Amazon said on CNBC, "We have no plans to open 2,000 of anything. Not even close." Despite the move lower today, Amazon is still up over 13% for the year.
Ciena Corporation (NASDAQ: CIEN) shares blasted off over 15% today after the company announced a $1.15 billion order backlog which was "its highest ever." The only bad news from the earnings today was earnings per share of 42 cents, four cents below Wall Street's estimates. Revenues of $716.2 million was basically equal to the Street's consensus expectation. The move today puts shares of CIEN at new 2016 highs, and up almost 20% on the year.
H&R Block (NYSE: HRB) lost 2.27% today as the tax preparation company announced quarterly losses of 67 cents, a penny less than Wall Street expectations. There was some good news though as revenues came in at $131 million, $4 million higher than estimates. The company announced on their conference call that CFO Greg Macfarlane is stepping down at the end of the year. Despite the mixed report, the stock is still down over 30% for the year.