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Apple stock was on track to close at a record high Friday after positive new data about iPhone demand in China. Apple stock was more than 3% this week. As a result, he predicted Apple stock will "blow through a lot of levels here." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Pro Max, Jim, Jim Cramer's, Jim Cramer Organizations: Research, Pro, Huawei, Apple, IDC, Apple Intelligence, iPhone, CNBC, Getty Locations: China, Shanghai, Nanjing
Earnings next week will be key to where stocks head from here. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report next week. He noted that the S & P 500 is trading at a 40% premium to its long-term P/E ratio, while tech stocks are trading at upwards of 60%. For the Dow Jones Industrial Average and S & P 500 , it's the first such streak going back to December 2023. Meanwhile, the equal-weighted S & P 500 slightly outpaced the market-cap weighted benchmark this week, a bullish signal for sectors such as health care.
Persons: Sam Stovall, Stovall, FactSet's John Butters, Butters, it's, Tesla, Lockheed Martin, Russell, Nelson Yu, Harker Organizations: U.S, CFRA Research, Dow Jones Industrial, Nasdaq, Lockheed, GE Aerospace, Business Machines, General Motors, Verizon Communications, United Parcel Services, Southwest Airlines, Nvidia, Philadelphia Reserve, Chicago, PMI, New, . Kansas City Fed Manufacturing Locations: Independence, Philadelphia, . Kansas
CNN —The Minnesota Lynx defeated the New York Liberty 82-80 in Game 4 of the WNBA Finals to force a winner-takes-all decider on Sunday. The packed crowd at the Target Center in Minneapolis almost had their hearts broken in a consecutive Finals game. Afterall, Ionescu had won the game on Wednesday, hitting a long, tiebreaking three at the end of the game. Liberty center Jonquel Jones (No. Minnesota can win a record-breaking fifth WNBA championship, while the Liberty seek the franchise’s first title in franchise history.
Persons: Sabrina Ionescu, Ionescu, Minnesota’s Kayla McBride, don’t, Courtney Vandersloot, Courtney Williams, McBride, Bridget Carleton, Breanna Stewart, Jonquel Jones, David Berding, 0yt59ZhDrx, “ It’s, , “ Everybody’s, We’re Organizations: CNN, Minnesota Lynx, New York Liberty, WNBA, Target Center, Lynx, Liberty, Barclays Center Locations: Minneapolis, Brooklyn , NY, Minnesota
Dow and S&P 500 end week at fresh record closes
  + stars: | 2024-10-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow and S&P 500 end week at fresh record closesTom Lee, Fundstrat co-founder, and David Zervos, Jefferies chief market strategist, joins 'Closing Bell Overtime' to talk the day's record market action.
Persons: Tom Lee, Fundstrat, David Zervos Organizations: Dow, Jefferies
The latest example came Wednesday, at a forum held by Univision, where Trump called Jan. 6 "a day of love." Aquilino Gonell, whom Trump supporters repeatedly assaulted on Jan. 6, 2021, told NBC News on Thursday. A day of love when more than 140 officers were injured, people lost their career, people lost their lives?" Trump has called into the nightly livestreamed vigil held in support of Jan. 6 defendants outside the Washington jail at least once. Trump's running mate, Yale-educated Sen. JD Vance, R-Ohio, has repeatedly avoided explicitly saying Trump lost the 2020 election.
Persons: WASHINGTON, Donald Trump's, Trump, , Aquilino Gonell, Jan, “ Trump, Jack Smith, , Steven Cheung, Gonell, , ” Gonell, , entrap Trump, Sen, JD Vance, Amy Berman Jackson, hasn't, Royce Lamberth —, Ronald Reagan — Organizations: U.S . Capitol, Department, Boys, Republican, Trump, Univision, Capitol Police, NBC, Capitol, Wednesday, Congress, Yale, U.S, District Locations: Washington, Trump's, R, Ohio, U.S
Phoenix on Tuesday snapped a streak of 21 straight days of record-breaking highs. Heat waves are expected to start earlier in the year and last later as a result of climate change, but Phoenix's streak still surprised scientists. The heat is finally expected to break heading into the weekend, as a cold front brings cooler conditions. The city on Tuesday finally snapped a streak of 21 straight days of record-breaking daily high temperatures. This summer was already the hottest on record in Phoenix, and 2024 is likely to end up as the warmest year in the city's recorded history.
Persons: , Jennifer Brady, Phoenix Organizations: Phoenix, Climate Central, National Weather Service Locations: Arizona , Nevada, New Mexico, Phoenix, New Jersey
The Baltimore Police Department has issued an arrest warrant for a man accused of assaulting two NFL fans after the Baltimore Ravens played the Washington Commanders on Sunday. Video of the assault went viral on social media following Sunday's game in Baltimore, in which the Ravens bested the Commanders 30-23. The video, verified by NBC News, shows a man in a Ravens jersey, allegedly Callis, approaching two men in Commanders jerseys on the streets of Baltimore. The viral clip shows the man wearing the Ravens jersey kicks one of the men wearing a Commanders jersey in his side before punching him in the face. The end of the video shows the front of the man in the Ravens jersey, who raises his arm and high fives someone off camera while shouting "I don't lose!"
Persons: John Callis, Callis Organizations: Baltimore Police Department, NFL, Baltimore Ravens, Washington, Sunday . Police, Ravens, NBC News, Baltimore . Police, South Charles Street, Baltimore, Metro Locations: Baltimore, South Charles, Maryland
St. Olaf College boasted an 87.6% voter turnout rate in 2020, taking home the top prize in the All In Campus Democracy Challenge as the most civically engaged college campus in the country. The small liberal arts college reached that number with help from its “election ambassador program,” and this year, the school is looking to break its own record. “We are all about interpersonal connections,” said junior Roxi Wessel, an election ambassador. Several factors make St. Olaf the highest-voting college in the country, including its nonpartisan approach to the election ambassador program. Jen McAndrew, from Tuft University’s Tisch College of Civic Life, said that while Minnesota makes campus voting accessible, laws in other states are creating more barriers to entry.
Persons: Olaf, , Roxi Wessel, there’s, , Olaf College, Ken Wolter, ” Wessel, Olaf the, Elijah Sonntag, Minnesotans, We’re, Christopher Chapp, Jen McAndrew, Madeline Altman, , don’t, ” Sonntag, Chapp, Olaf’s, they’re Organizations: Tufts University, For Democracy, Higher, Olaf College, Olaf, Tisch College of Civic, St Locations: NORTHFIELD, Minn, , Minnesota, St
LONDON — Liam Payne's family paid tribute to the pop star following his death after falling from a hotel balcony in Argentina Wednesday. Staff inside the hotel where Liam Payne died after falling from a third floor balcony in Buenos Aires on Wednesday. Since the news of Payne's death, One Direction fans have gathered at the Casa Sur Palermo Hotel in Buenos Aires to pay tribute to Payne and sing some of the group's songs. Fans mourn outside Casa Sur Hotel hours after former One Direction star Liam Payne, 31, died on Wednesday. Tobias Skarlovnik / Getty ImagesAsked on X whether he had seen the news about Payne's death, he replied: "I have it's very sad."
Persons: Liam Payne's, Liam, Payne, Liam Payne, Luciano Gonzalez, Simon Cowell, Rebecca Ferguson, hadn't, Ferguson, Liam Gallagher, Tobias Skarlovnik Organizations: Press Association, Staff, Wednesday, Anadolu, Getty, Syco Records, U.S, Billboard, Casa Sur Palermo, Casa Sur Locations: Argentina, London, Buenos Aires, British, Casa
Sunday’s NFC North tilt between the 5-0 Minnesota Vikings and the 4-1 Detroit Lions won’t be only a matchup for divisional supremacy or a possible playoff preview. With no competition at quarterback, Goff took advantage in 2022. Quarterback Sam Darnold of the Minnesota Vikings. With the Vikings, though, Darnold has posted the best passer rating and quarterback rating of his career so far. (Forget only the division, the Lions will enter this matchup as a Super Bowl contender.)
Persons: Jared Goff, Sam Darnold, Goff, J.J . McCarthy, McCarthy, Albert Breer, Dan Campbell, Kevin Clark, Matthew, Stafford, Goff —, , Sean McVay, Goff wasn’t, Justin Fields, Mac Jones, Kenny Pickett, Stephen Maturen, Darnold, Darnold hasn’t Organizations: Minnesota Vikings, Detroit Lions, Los Angeles Rams, New York Jets, Lions, NFC, Vikings, Rams, , Super, Los Angeles, Detroit, Jets, Carolina Panthers, San Francisco 49ers Locations: Detroit, Los, Los Angeles, Minnesota, Darnold
A Georgia judge invalidated several new election rules on Wednesday, calling the measures approved by the state's Republican-controlled election board "unconstitutional" and in violation of state law. The ruling, handed down by Fulton County Superior Court Judge Thomas Cox, applies to a hand-count rule for Election Day ballots and rules tied to the certification of results. Follow live updates on the 2024 electionCox’s ruling comes a day after Fulton County Superior Court Judge Robert McBurney blocked the rule requiring that ballots be hand-counted on Election Day which critics have argued would stir delays in reporting the final results. The judge also ruled that the state’s county election boards could not refuse to certify election results. Voters in the battleground state, which Trump narrowly lost to President Joe Biden in 2020, began heading to the polls for in-person early voting on Tuesday.
Persons: Thomas Cox, Cox, Donald Trump, Cox’s, Robert McBurney, Trump, Joe Biden Organizations: Republican, State's Locations: Georgia, Fulton County, Fulton, state’s
Mounting geopolitical tensions and a tight presidential election may intensify market volatility in coming weeks, but high-quality growth stocks may prove a useful way for investors to hedge against any future uncertainty, according to Trivariate Research. October is a historically volatile month for stocks , and this week alone has seen the market seesaw. "It now seems the market has come full circle," Trivariate Research founder and CEO Adam Parker wrote in a recent research note to clients. "It is much easier to buy and hold growth stocks, and it requires less arrogance in predicting the unknown than it used to. Wholesale retailer Costco and hotel giant Hilton are two other growth names that Parker listed.
Persons: Adam Parker, Parker, Morgan Stanley, Eli Lilly, Lilly Organizations: Research, Dow Jones, Dow, Adobe, Wholesale, Costco, Hilton Locations: U.K, Wednesday's
Morgan Stanley's Mike Wilson says the stock market's bull run could slow if the dollar strengthens again. AdvertisementMorgan Stanley's top stock strategist is eyeing one risk in particular that could threaten the stock market's big rally: a stronger US dollar. According to the firm's chief US equity strategist, Mike Wilson, a dollar re-strengthening could hinder stock gains. The greenback weakened as markets prepared for steep rate cuts, but that move has reversed in recent weeks as strong economic data makes more aggressive policy easing less likely. Wilson's call comes two years into the market's bull rally, with major indexes continuing to hit fresh all-time highs.
Persons: Morgan, Mike Wilson, , that's, Wilson Organizations: Service, Bloomberg Radio, Federal Locations: China, Japan
A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. Asia-Pacific markets opened higher on Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average reach a record close amid a strong start to the earnings season. Japan's exports fell 1.7% in September compared to the same period last year, surprising economists polled by Reuters who expected a 0.5% growth rate. It's the first time that exports contracted this year and was down sharply from a revised growth rate of 5.5% in August. September's import growth came in at 2.1% also missing expectations of economists who expected growth of 3.2%.
Persons: Topix Organizations: Dow Jones, Investors, Nikkei, Reuters Locations: Japan, Asia, Pacific, Australia
Spain's tourism is still booming, with record numbers of international visitors. A travel industry expert said mass protests are unlikely on their own to deter travelers. AdvertisementProtesters in Spain staged massive demonstrations against overtourism this year that made headlines worldwide — especially after spraying tourists in Barcelona with water guns. The tourism protests intensified in April when an estimated 20,000 to 50,000 people in the Canary Islands demanded tourism limits be enacted. The protests, however, could impact government policy in a way that may help curb or better manage tourism in the future, Eylon said.
Persons: , Amir Eylon, it's, Eylon Organizations: overtourism, Service, Spain's National Statistics Institute, Business, Longwoods Locations: Spain, Barcelona, Mallorca, Malaga, Spanish, Canary
The Dodgers are up 3-1 in this series after demolishing the Mets these past two nights at Citi Field. The lineup chewed up and spat out Mets starter Jose Quintana and the assorted relievers behind him. Max Muncy set a single-season postseason record by reaching base in 12 consecutive plate appearances. Max Muncy has now reached base in 12 straight plate appearances 😤 He's tied with Reggie Jackson for the most consecutive #Postseason plate appearances reaching safely. It hasn’t worked against the Dodgers, a lineup loaded with stars and an overall carrying tool of plate discipline.
Persons: Jose Quintana, Shohei Ohtani, Mookie Betts, Max Muncy, Yoshinobu Yamamoto, Evan Phillips, Blake Treinen, Jack Flaherty, Senga, David Peterson, Peterson, Phillips, Treinen, John Jones, Injuries, Muncy, he’s, Billy Hatcher, David Ortiz, Reggie Jackson, , , ullpen., ike J ose Organizations: Los Angeles Dodgers, New York Mets, National League, Dodgers, Mets, Citi Field, Reds, Red Sox, ust Locations: Angeles, Flushing, Muncy, Red
Stocks rose Thursday as investors digested strong retail sales data and more earnings. Retail sales data showed US consumer spending remains robust, with monthly spending up 0.4%. AdvertisementUS stocks climbed on Thursday as traders saw better-than-expected retail sales data and continued to digest strong corporate earnings reports. September's retail sales report showed consumer spending remains strong, with monthly spending up 0.4% from August, just above a Dow Jones consensus estimate of 0.3%. And almost every AI innovator is working with TSMC," TSMC chairman and CEO C.C.
Persons: Stocks, ASML, , C.C, Wei, TSMC, Morgan Stanley, JB Hunt Organizations: Service, Dow Jones, Commerce Department, Federal Reserve, Labor Department, chipmaker Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, chipmakers, United Airlines, Netflix, Caixin Global, JB Locations: Wednesday's, Here's, China
CNN —Tennis legend Serena Williams says she recently underwent surgery to remove a branchial cyst “the size of a grapefruit” from her neck. Williams said she found the lump back in May and initially opted against surgery after several tests confirmed it was benign. In a video posted to TikTok, the 23-time grand slam champion said she is “feeling good” after the surgery and recorded herself going shopping with daughter Olympia. And yes, all is OK.”Williams said she missed Rafael Nadal announcing his retirement while she was undergoing surgery. Williams also won 14 grand slam doubles titles with sister Venus and four Olympic gold medals.
Persons: Serena Williams, Williams, Olympia, , ” Williams, Rafael Nadal, , Margaret Court, Venus Organizations: CNN, Tennis, National Institutes of Health, Locations: Olympia
Dividend stocks could be poised to get their moment in the sun as interest rates fall – and investors only need to take a simple step to boost their long-term returns in these positions. "As rates fall, we might see people looking for longer-term alternatives and, in turn, dividend-paying stocks," he said. For starters, it's a form of dollar-cost averaging into a position, meaning you're buying the stock at regular intervals regardless of the price. "It allows them to reinvest this dividend on a regular scheduled timeframe and have a great opportunity for a larger total return over the long term." The ProShares S & P 500 Dividend Aristocrats (NOBL) has a total return of nearly 15% in 2024 and an expense ratio of 0.35%.
Persons: Dan Stein, Charles Schwab, Jay Spector, That's, would've, you'll, Stein, – CNBC's Chris Hayes Organizations: Federal Reserve, Investors, CFP, EverVest, Machines, IBM, Target Corp, Apple, Broadcom, Microsoft, Exxon Mobil, Internal Revenue Service Locations: Tysons Corner , Virginia, Scottsdale , Arizona
CNN —Indiana Fever star Caitlin Clark has become the first rookie in 16 years to be named to the All-WNBA first team. The guard was already named the 2024 WNBA Rookie of the Year in a near-unanimous vote earlier this month, a fitting title for an astonishing season. Clark also became the first ever rookie to record a triple-double and holds the record for most three-pointers made (122) by a rookie in league history. Las Vegas Aces center A'ja Wilson has also been named in the All-WNBA first team. Las Vegas Aces star Wilson, meanwhile, earned her unanimous place on the first team after a historic season.
Persons: Caitlin Clark, Clark, Napheesa Collier, A’ja Wilson, Breanna Stewart, Alyssa Thomas, Candace Parker, Sue Bird, Tamika Catchings, Diana Taurasi, A'ja Wilson, Corey Sipkin, Stewart, , Marta Xargay, Wilson, Sabrina Ionescu, Jonquel Jones, Nneka Ogwumike, Arike Ogunbowale Organizations: CNN, Indiana, WNBA, Connecticut Sun, Las Vegas Aces, The New York Liberty, Aces, Liberty, Mercury, Seattle Storm, Dallas Wings
ATLANTIC CITY, N.J. (AP) — New Jersey's red-hot internet gambling market set another record in September with Atlantic City's casinos and their technical and online partners winning over $208 million. “The ongoing success of internet gaming helped push Atlantic City’s total gaming revenue to its highest figure for the month of September in over a decade,” said James Plousis, chairman of the New Jersey Casino Control Commission. “For the third consecutive month, total gaming revenue surpassed $500 million. In terms of in-person winnings, Borgata won $62.4 million in September, up 15%; Hard Rock won $44.6 million, down 4.7%; Ocean won $28.4 million, down 28%; Caesars won $20.5 million, down 4.1%; Harrah's won $18.6 million, down 16.3%; Tropicana won $17.9 million, down 16.3%; Resorts won $14.3 million, down 3.9%; Bally's won $12.5 million, down 4.4%, and Golden Nugget won $11 million, down 12.5%. When internet and sports betting revenue is included, Borgata won $120.2 million, up 12%; Resorts won $106.5 million, down 3.4%; Golden Nugget won $72.8 million, up 25.8%; Hard Rock won $64.4 million, up 10.8%; Ocean won $33.9 million, down 24%; Bally's won $24.1 million, up 19.2%; Caesars won $20.6 million, down 3.4%; Harrah's won $18.7 million, down 16.6%; and Tropicana won $18.1 million, down 16%.
Persons: , James Plousis, ” Jane Bokunewicz, Lloyd Levenson, Borgata, Harrah's, Bally's, Wayne Parry Organizations: CITY, Atlantic, of Gaming Enforcement, New Jersey Casino Control, , Stockton University, Atlantic City, Ocean, Caesars, Tropicana, Resorts, Golden Nugget, Golden, Associated Press Locations: N.J, New Jersey, Atlantic City, Atlantic
The new high bested a previous record of $140.76, which was set on June 20. Shares of Nvidia rose to a new record on Thursday as investors piled back in to the artificial intelligence trade that had stalled a bit since the summer. The stock rose more than 3% at one point to briefly tap a new intraday high of $140.89. Nvidia's intraday record comes after Taiwan Semiconductor Manufacturing Company , the world's largest chip producer, beat third-quarter earnings estimates and posted a 54% increase in profit. Nvidia stock hit a closing high of $138.07 earlier in the week, topping its prior record of $135.58 set on June 18.
Persons: Jensen Huang, Nvidia's, , Kif Leswing Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Apple, AMD, ARM, Companies, Microsoft, Meta, Google Locations: Taipei, Taiwan
Visitors walk on the Sannenzaka slope in Kyoto, Japan, on Sunday, June, 26, 2022. Visitor spending in Japan broke an annual record in just nine months, official data showed on Wednesday, demonstrating the economic power of a tourism boom fueled by the weak yen. Travelers spent 5.86 trillion yen ($39.27 billion) through September, preliminary figures from the Japan National Tourism Organization showed. That eclipsed the 5.3 trillion yen spent in all of 2023, a record for any 12-month period. Tourism spending, classified as an export in national accounts, is poised to become Japan's second-biggest export sector after autos and ahead of electronic components.
Organizations: Travelers, Japan National Tourism Organization Locations: Kyoto, Japan
Bitcoin has surged 12% as Trump's election odds in betting markets began rising in mid-September. Trump's crypto-friendly stance has boosted investor enthusiasm for bitcoin as his betting odds rise. According to the betting website Polymarket, Trump's odds of winning the Presidential election in November bottomed on September 18. Bernstein analyst Gautam Chhugani said last month that a Trump win could be monumental for the crypto industry. Bitcoin might be ultimately front-running a potential Trump win in November, with the cryptocurrency up 59% year-to-date.
Persons: Bitcoin, bitcoin, , Donald Trump, Trump, Kamala Harris, bettors, Stanley Druckenmiller, Bernstein, Gautam Chhugani, Chhugani, He's, he'd Organizations: Trump, Service, Billionaire, Bloomberg, Conference, Bitcoin Conference, Liberty Locations: United States
CNN —A Travis County judge granted a Texas House committee’s last-minute temporary restraining order request against the state just 90 minutes before Robert Roberson was scheduled to be executed Thursday. While authorities have not confirmed the execution is delayed, Roberson’s attorneys and the committee fighting for him told CNN they believe the execution is currently halted. “This is an injustice and his blood is on Abbott and Anderson County,” she told CNN. I did not hear his voice,” Brian Wharton, the former detective who oversaw the investigation into Nikki’s death, told state lawmakers Wednesday at a hearing featuring the case. I don’t want to be there, I don’t want to watch it happen,” Wharton told CNN.
Persons: Travis, Robert Roberson, Amanda Hernandez, Roberson, Sonia Sotomayor, ” Sotomayor, , Sotomayor, , ” Robin Maher, Greg, Abbott, Dale Wainwright, Jennifer Roberson, Brian Wharton, Roberson’s, he’s, pediatricians, Nikki Curtis, They’ve, Paroles, , Nikki, Nikki “, , Robert, ” Brian Wharton, Wharton, Gretchen Sween –, ” Wharton, John Grisham, Sween, Jeff Leach, Antoinette Laskey, ” Laskey Organizations: CNN, Texas, Texas Department, Criminal, US, Former Texas Supreme, Huntsville Unit, Supreme, GOP, Wednesday, Appeals, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, ” Texas, Travis, Huntsville, Anderson County, Anderson, Palestine , Texas
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