US Stocks Extend Winning Streak: Dow Jones Hits Eight-Day High, S&P 500 and Nasdaq Also Up

New York, New York, USA United States of America
81% of S&P 500 companies that have reported first-quarter earnings beat profit estimates and 60% surpassed revenue estimates.
Apple issued an apology and removed a new iPad Pro ad that missed the mark, but its stock price was not significantly affected.
Goldman Sachs reached an all-time high of $458.75 on Friday and ended the week 3.8% higher.
Novavax saw a nearly triple-digit jump after signing a $1.2 billion licensing agreement with Sanofi.
Short sellers suffered mark-to-market losses of -$196M based on the stock's move, and short interest remains elevated at 44.5M shares.
The S&P 500 and Nasdaq Composite also saw slight increases.
US stocks saw gains on Friday with the Dow Jones Industrial Average extending its winning streak to eight days.
US Stocks Extend Winning Streak: Dow Jones Hits Eight-Day High, S&P 500 and Nasdaq Also Up

US stocks saw gains on Friday, with the Dow Jones Industrial Average extending its winning streak to eight days. The S&P 500 and Nasdaq Composite also saw slight increases.

The strong performance of US stocks comes ahead of key inflation data set to be released on Wednesday.

Fed Governor Michelle Bowman and President Lorie Logan both expressed their expectations for no interest rate cuts this year based on current inflation data.

Of the S&P 500 companies that have reported first-quarter earnings, 81% beat profit estimates and 60% surpassed revenue estimates.

Apple issued an apology and removed a new iPad Pro ad that missed the mark. The tech giant's stock price was not significantly affected by the incident.

In other news, Goldman Sachs reached an all-time high of $458.75 on Friday and ended the week 3.8% higher.

Novavax saw a nearly triple-digit jump after signing a $1.2 billion licensing agreement with Sanofi.

Short sellers suffered mark-to-market losses of -$196M based on the stock's move, and short interest remains elevated at 44.5M shares, about one-third of the company's public float.

The Dow Jones Industrial Average closed at 39,512.84, up 0.32%, while the S&P 500 finished at 5,222.66 and the Nasdaq composite ended at 16,340.87.


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Confidence

95%

Doubts
  • Are there any significant economic indicators that suggest the current inflation data will be different from previous reports?
  • Is it confirmed that no interest rate cuts are expected this year based on current inflation data?
  • What percentage of S&P 500 companies beat both profit and revenue estimates in Q1?

Sources

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Dow jumps more than 100 points to post 8th winning day and best week of 2024: Live updates

CNBC News Pia Singh, Thursday, 09 May 2024 22:03
  • Unique Points
    • Goldman Sachs reached an all-time high of $458.75 on Friday and ended the week 3.8% higher.
    • Goldman Sachs gained 17% during the past four weeks, adding 431 points to the Dow Jones Industrial Average.
    • Novavax had a nearly triple-digit jump on news of a $1.2 billion licensing agreement with Sanofi.
    • NVAX short sellers suffered mark-to-market losses of -$196M based on the stock’s move.
    • NVAX short interest is 44.5M shares, about one-third of the company’s public float and considered elevated.
    • Less than 1M shares are available to borrow in support of new short positions on NVAX.
    • Short sellers are paying 9.5% fees on existing short positions and up to 10% on new short sales executed.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an example of a slippery slope fallacy in the statement 'Goldman Sachs has accounted for some 31% of the entire 1405-point gain in the Dow Industrials over the past four weeks.' This statement implies that Goldman Sachs is solely responsible for the gains in the Dow Jones Industrial Average, which is not true. Additionally, there are several instances of hyperbole and inflammatory language used to describe Goldman Sachs' performance.
    • Goldman Sachs has accounted for some 31% of the entire 1405-point gain in the Dow Industrials over the past four weeks.
    • rib crunching short squeeze
    • short sellers taking huge losses
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock Market News From May 10, 2024: Dow Extends Win Streak; Novavax, Apple, Tesla, Akamai, DJT, and More Movers; Treasury Yields Up; Bitcoin Price Rises

Barron's Financial Group Saturday, 11 May 2024 06:09
  • Unique Points
    • The Dow Jones Industrial Average extended its winning streak to eight days on Friday, gaining about 125 points or 0.3%.
    • Novavax stock surged after signing a $1.2 billion licensing deal with France’s Sanofi
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (90%)
    The article contains some instances of inflammatory rhetoric and an appeal to authority, but no formal logical fallacies were found. The author's statements about consumer sentiment and the potential impact on markets are not fallacious as they are based on data and analysis.
    • ]The University of Michigan’s consumer sentiment survey came in weaker than expected on Friday,[
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market today: Dow hits 8-day winning streak ahead of key inflation report

Business Insider Matthew Fox Saturday, 11 May 2024 06:10
  • Unique Points
    • The Dow Jones Industrial Average had an eight-day winning streak as of Friday.
    • Fed Governor Michelle Bowman expects no interest rate cuts this year.
    • Fed President Lorie Logan also does not anticipate interest rate cuts based on current inflation data.
    • Of the S&P 500 companies that have reported first-quarter earnings, 81% beat profit estimates and 60% surpassed revenue estimates.
    • Apple apologized and removed a new iPad Pro ad that missed the mark.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock Market Mixed As This Hits Early Gains; Inflation Data, Retail Sales Up Next

Investors.com Financial News Site Analysis - Comprehensive Report on Market Coverage and Analysis - Overall Rating: 90/100 (Highly Reliable, Informative, and Engaging Source of Financial Information). Investor's Business Friday, 10 May 2024 21:27
  • Unique Points
    • Fed Governor Michelle Bowman expects no interest rate cuts this year.
    • Fed President Lorie Logan also does not anticipate interest rate cuts based on current inflation data.
    • Of the S&P 500 companies that have reported first-quarter earnings, 81% beat profit estimates and 60% surpassed revenue estimates.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication