• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / U.S. Equity

Closing Bell: LIVE MARKETS BLOG

The major U.S. indices rose on Friday, closing out the week on a two-day winning streak.
By TONY OWUSU
Jul 13, 2018 Updated Jul 13, 2018 | 04:03 PM EDT
Stocks quotes in this article: PZZA, JNJ, NOC

Closing Bell

The three major U.S. indices all closed Friday's session in the green, though stocks closed off of their intraday highs.

The Dow Jones Industrial Average rose 0.37%, or 93 points to 25,018, while the S&P 500 gained 0.11%, or 3 points to 2,801, and the Nasdaq rose 0.03%, or 2 points to 7,826. 


Northrop Grumman Stock Rebounds Following CEO Announcement

Shares of Northrop Grumman (NOC) were basically back to even Friday after taking a large dip following the announcement that CEO Wes Bush will be stepping down on January 1. 

Northrop Grumman President and COO Kathy Warden will take over for him once he steps down. Bush will stay on as a chairman through July 2019. 

"She brings the vision and values to lead Northrop Grumman into the future," Bush said. 

"This is the right time to make this change, as Kathy is well prepared to become CEO," a spokesperson told CNN Money. "The board of directors has a strong focus on succession planning, and Kathy's election as incoming CEO and president enables us to ensure a seamless transition in this important leadership position for our company."


Johnson & Johnson Told to Pay Nearly $5 Billion in Lawsuit

Johnson & Johnson (JNJ) was ordered to pay $4.64 billion in total damages to 22 women and their families after the women claimed that asbestos in the company's talcum powder contributed to their contraction of ovarian cancer. 

Johnson & Johnson will have to pay $4.14 billion in punitive damages as well as $550 million in compensatory damages. 

"Johnson & Johnson remains confident that its products do not contain asbestos and do not cause ovarian cancer and intends to pursue all available appellate remedies," spokeswoman Carol Goodrich said, according to the Chicago Tribune. 


New Jerseyans Placed $16.4 Million in Sports Bets in June

New Jersey residents placed bets totaling $16.4 million from June 14-30 as the state opened up sports betting operations following the Supreme Court ruling that overturned a previous law barring states from legalizing sports gambling. 

The sports books were able to hold $3.5 million, the amount the house keeps of the amount wagers, while the state of New Jersey was able to generate $300,000 in taxes from the wagers. 

For comparison, Nevada has averaged a hold percentage of 5.5% since 1992. 


Papa John's Could Remove John From Marketing Imagery, Report

The AP is reporting that beleaguered pizza chain Papa John's (PZZA) is working on a way to remove imagery of former CEO and chairman John Schnatter from the company's advertising campaigns. 

Schnatter stepped down as CEO of the company after it was revealed he used a racial epithet during a conference call earlier this year. Schnatter remains on the board and is still Papa John's largest shareholder. 

This is the second time in less than a year that Schnatter has found himself in hot water. Last year Schnatter stepped down as CEO after he blamed protesting NFL players for the company's dip in sales. 

Papa John's shares are up 1.75% Friday. 


Premarket

U.S. futures were rising Friday morning as markets look to continue their winning streak heading into the weekend after a sharp decline on Wednesday. 

Dow futures were up 0.02%, indicating an open 5 points higher, while Nasdaq futures also climbed 0.02%, indicating an open 2 points higher. S&P futures were lagging, falling 0.02%, indicating an open 1 point lower. 

Asian markets ad a strong day of trading, outside of the Shanghai Composite. The Nikkei jumped 1.85%, while the Hang Seng rose 0.16%. The Shanghai Composite lagged, falling 0.23%. 

In Europe, the FTSE 100 rose 0.42%, the DAX gained 0.27% and the CAC 40 rose 0.38%, with about four hours left in trading. 

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Investing | U.S. Equity

More from U.S. Equity

We're Raising Our Market Support Levels

Guy Ortmann
May 18, 2022 9:55 AM EDT

Sentiment continues to suggest rallies to resistance.

Pivotal Tuesday, Buffett's Buys, Niagara Falls? Profit Margins, Trading Chevron

Stephen Guilfoyle
May 17, 2022 7:26 AM EDT

As investors ran away from equities earlier this year, Warren Buffett ran towards the market.

More Upside Potential Exists for This Market

Guy Ortmann
May 16, 2022 10:28 AM EDT

Let's take a close look at the charts and indicators.

A 'Mag'nificent Way to Play an AdTech Rebound

Bret Jensen
May 15, 2022 9:15 PM EDT

Similar to biotech, the small adtech space has been hammered in recent quarters and has likely hit oversold territory.

10 'Benjamin Graham Defensive' Stocks Make That Make the Grade

Jonathan Heller
May 13, 2022 12:00 PM EDT

This is the largest list of qualifiers since the pandemic began.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 01:44 PM EDT STEPHEN GUILFOYLE

    Stocks Under $10 Portfolio

    We're making a series of trades here.
  • 03:07 PM EDT PAUL PRICE

    Why Is Walmart Down Big Today?

    Besides its poor earnings report Walmart was way...
  • 07:14 PM EDT PAUL PRICE

    A New, Very Scary Movie

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login