Stock market live updates: Dow off session low, Utilities record, Tesla swings

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More than 1,400 stocks listed at the New York Stock Exchange were trading lower on Friday, outpacing the number of rising NYSE stocks by just over 100. The major stock averages were down slightly on Friday, but are still headed for solid weekly gains. —Imbert

Shares of Expedia are trading more than 10% higher on the back of stronger-than-forecast earnings. If that gain holds, it will be the stock’s best daily performance since July 31, 2015, when it surged nearly 13%. —Imbert

Investors poured money into bond funds at a record pace last week. If it keeps up, inflows this year will again top $1 trillion, according to Bank of America Global Research. The trend has come as central banks have poured money into the markets and kept interest rates low, while baby boomers continue to use bonds as a portfolio diversification tool. “We’re seeing a rising tide lift all boats right now,” said Bill Merz, fixed income strategist at U.S. Bank Wealth Management. – Cox

The broader market struggled slightly in afternoon trading, but shares of Nvidia, PayPal and Visa were among the 48 S&P 500 components to hit record highs. Nvidia jumped 7.3% while PayPal and Visa were both up by more than 1%. Here are some of the other S&P 500 companies to reach all-time highs. —Imbert, Hayes

  • Lowe’s
  • Hormel
  • Coca-Cola
  • MasterCard
  • Boston Properties
  • Pinnacle West Capital
  • WEC Energy
  • Xcel Energy
  • AvalonBay Communities
  • Intuit

Source: https://www.cnbc.com/2020/02/14/stock-market-today-live.html

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