India Markets closed

Stocks hover near all-time highs after record streak

A wild week for the markets ends with stocks (^DJI, ^GSPC, ^IXIC) near all-time highs. Is the recent rally just taking a breather, or will Trump uncertainty creep back into the markets? Catch The Final Round at 4 p.m. ET with Yahoo Finance editor-in-chief Andy Serwer, columnist Rick Newman, and markets reporter Myles Udland.

Winners and losers

Stocks ending the week in the red include UnitedHealth as the DOJ has joined an earlier lawsuit charging the health insurer with overcharging Medicare by hundreds of millions of dollars; Hertz Global as Credit Suisse downgraded the rental car company citing weak volume and flat pricing, and Kellogg , with shares of the food maker not tasting so good to investors after Kraft Heinz’s monster bid for rival Unilever.

Stocks getting a boost today include T-Mobile on reports that Softbank, a major shareholder of Sprint, will approach T-Mobile to discuss a merger; VF Corp as the North Face and Wrangler parent matched earnings estimates and management said it was pleased with its performance in an uncertain marketplace; and WebMD, with shares looking good after the health website said it is exploring strategic alternatives, including a sale of the company.

Looking ahead

  • On Tuesday, we’ll get PMI’s flash manufacturing index for February. In the prior month the gauge hit 55.1, which was a slight uptick.
  • On Wednesday the FOMC will release minutes from its latest policy meeting.
  • Finally, on Friday, we’ll get new home sales for January. In December, we saw a seasonally adjusted 536,000 new homes sold, which reflected a surprising 10% drop.