For Traders, Netflix Is a Hero While Apple Is a Zero
Today's financial recap and tomorrow's financial outlook.
Additionally, Netflix (NASDAQ:NFLX) was a notable standout with a 15% rally. Following yesterday's monster earnings-driven move, the movie streaming/DVD delivery company is up 60% in just two trading days.
In economics news, the December new home sales number came in at 369K, slightly ahead of expectations.
We also saw significant weakness in US Treasuries due to better-than-expected European economic data, which also pushed down German bunds.
Tomorrow's Financial Outlook
On Monday, we will see two important economic data releases. The December durable goods report will be released at 8:30 a.m. EST, which, while extremely volatile and difficult to predict, tends to be market-moving. At 10:00 a.m. EST, the December pending home sales report comes out.
In earnings news, key Dow Jones Industrial Average component Caterpillar (NYSE:CAT) and biotech giant Biogen Idec (NASDAQ:BIIB) will report before the open. After the close, we'll see numbers from Celanese (NYSE:CE), VMware (NYSE:VMW), and Yahoo (NASDAQ:YHOO).
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