Stock market live updates: Tech stocks rise, Tesla volatile again, Nvidia soars

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Stocks opened little changed on Friday. The Dow Jones Industrial Average hovered around the breakeven line, while the S&P 500 gained 0.2%, boosted by earnings from Nvidia and Expedia, among others. The NASDAQ Composite was the top-performer, gaining 0.3%. For the week, the major averages were up at least 1% and were headed for back-to-back weekly increases. The weekly increases come even as the number of coronavirus cases continues to rise. -Stevens

  • Bernstein increased its price target on Beyond Meat to $117 from $106
  • Deutsche Bank downgraded BlackRock to hold from buy
  • Barclays downgraded Yelp to underweight from equal weight
  • Evercore ISI raised its price target on Tesla to $550 from $250
  • Benchmark upgraded Expedia to buy from hold
  • Wells Fargo raised its price target on Home Depot to $265 from $240

CNBC Pro subscribers can read more here. —Bloom

The China Security Regulatory Commission loosened its refinancing rule to help listed companies resume production and combat the coronavirus outbreak, according to Reuters. The regulator encouraged listed companies to introduce strategic shareholders and said the lighter rules would make it easier to raise additional funding, according to the report. — Pound

The surprise dip to zero in a core number inside the retail sales report surprised traders and could result in downgrades to first quarter GDP. The control group number feeds into GDP calculations, and it was expected to show a 0.3% gain. It includes retail sales excluding autos, gasoline, building materials and food services. To make matters worse, the December control number was revised lower to 0.2% from a gain of 0.5%. The headline retail sales for January gained 0.3%, as expected. Treasury yields moved lower, with the 10-year Treasury yield hitting 1.57% after the report. —Domm

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

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