ICYMI. Weekly Stocks Market Recap. Oct 15-19,2018


19-Oct-2018 17:57 PM



In case you missed this week stocks market movers news, here is the day-to-day recap

Monday the US stock market continues it sell off with Dow Jones -89.50 points, SPY -0.53%, QQQ -1.21%, IWM +0.38%, IBB -1.04%. Leading the sell-off was the technology sector.

  • Bank oF America Corporation (BAC) earnings Q3 EPS 66c vs 62c, revenue $22.8B vs $22.7B
  • NVIDIA Corp (NVDA) trading down -4.53% for the day, the big percentage downer for all tech
  • Krystal Biotech Inc (KRYS) price target raised to $35.50 at H.C Wainwright

Tuesday market rebound on the strong earnings report and strong Job opening numbers. Dow Jones +547.81 points, SPY +2.13%, IWM +2.83%, QQQ +2.91%, IWM +2.83%

Wednesday market gap down with volatile continues after teh Fed hints at more rates hikes ahead. Dow Jones fall -91.74 points, SPY +0.01%, IWM -0.40%, IBB -0.05%, QQQ +0.04%

Thursday Jobless claims numbers 210k vs 211k estimated. The fear of fed raise rate and China slow down cause market continues to sell-off.

  • Novartis (NVS) acquires Endocyte Inc (ECYT) for $24 per share or $2.1B in cash
  • Proteostasis Therapeutics (PTI) upgraded to Outperform at RBC Capital. Stock up
  • Netflix, Inc (NFLX) stock sell-off day after earnings report

Friday weakness continues to show across the technology sector, but Dow Jones end up +64.89 points, while major indices down with SPY -0.05%, QQQ -0.09%, IWM -1.06%, IBB -1.58%

  • PayPal (PYPL) earnings report
  • Netflix, Inc ( NFLX) Stock down-4.05% for the day, but down ~13% from earnings high to today's low.
  • Advanced Micro Devices, Inc (AMD) -11.12% with semi-weakness NVIDIA Corp (NVDA) -4.33%.
  • Clovis Oncology Inc (CLVS) down  -12.02% with Rubraca prostate cancer data released at #ESMO18

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