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Stock Market Roundup Dec. 8: Wall Street Hits 13th Record Close Since Election
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While stocks opened narrowly mixed on Thursday--due to mixed unemployment data, quarterly reports, and the European Central Bank’s decision to extend its quantitative easing program through December 2017—Wall Street smashed closing records for the fourth day in a row and for the 13th time since Election Day.
Athleisure giant Lululemon Athletica (LULU - Free Report) surged over 15% on strong Q3 earnings, one of the biggest movers of the day, while Goldman Sachs (GS - Free Report) and Walt Disney Co. (DIS - Free Report) were the best performers on the Dow.
Lululemon was up 16.5% at one point Thursday as the effects of its strong Q3 earnings results continue to linger. The athleisure company posted beats on both its top and bottom lines, and noted that Black Friday and Cyber Monday sales were up 16% and 29% year-over-year, respectively.
Walmart’s (WMT - Free Report) Mexico-based subsidiary Wal-Mart de Mexico announced it would invest $1.3 billion in the country, boosting the company’s logistics infrastructure like building new distribution centers and expanding present ones. This will create 10,000 new jobs.
Shares of the nation’s second-biggest bank, Bank of America (BAC - Free Report) , were on a roll Thursday and hit an 8-year high of $23.24 per share. If the Fed decides to hike interest rates this month, Bank of America will likely feel some positive after-effects.
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Stock Market Roundup Dec. 8: Wall Street Hits 13th Record Close Since Election
While stocks opened narrowly mixed on Thursday--due to mixed unemployment data, quarterly reports, and the European Central Bank’s decision to extend its quantitative easing program through December 2017—Wall Street smashed closing records for the fourth day in a row and for the 13th time since Election Day.
Athleisure giant Lululemon Athletica (LULU - Free Report) surged over 15% on strong Q3 earnings, one of the biggest movers of the day, while Goldman Sachs (GS - Free Report) and Walt Disney Co. (DIS - Free Report) were the best performers on the Dow.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: YY Inc. (YY - Free Report) +7.34%
Growth: Cognex Corp. (CGNX - Free Report) +7.75%
Momentum: CGNX
VGM: YY
Income: Natural Resource LP (NRP - Free Report) +4.60%
Major Indexes
DOW: 19,614.36 / 65.05 / 0.33%
NASDAQ: 5,417.36 / 23.59 / 0.44%
S&P 500: 2,246.18 / 4.43 / 0.22%
Top Headlines
Here’s Why Lululemon (LULU - Free Report) Stock is Soaring Today
Lululemon was up 16.5% at one point Thursday as the effects of its strong Q3 earnings results continue to linger. The athleisure company posted beats on both its top and bottom lines, and noted that Black Friday and Cyber Monday sales were up 16% and 29% year-over-year, respectively.
Walmart to Invest $1.3 Billion in Mexico, Adds 10,000 New Jobs
Walmart’s (WMT - Free Report) Mexico-based subsidiary Wal-Mart de Mexico announced it would invest $1.3 billion in the country, boosting the company’s logistics infrastructure like building new distribution centers and expanding present ones. This will create 10,000 new jobs.
Bank of America (BAC - Free Report) Hits 8-Year High on Continued Rally
Shares of the nation’s second-biggest bank, Bank of America (BAC - Free Report) , were on a roll Thursday and hit an 8-year high of $23.24 per share. If the Fed decides to hike interest rates this month, Bank of America will likely feel some positive after-effects.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>