Wake Up Wall Street: Dow Jones Record Streak Continues
U.S. stock futures are pointing solidly lower Friday putting in jeopardy the Dow Jones Industrial Average's streak of 10 consecutive record high closes.
1. U.S. stock futures were pointing solidly lower Friday putting in jeopardy the Dow Jones Industrial Average's streak of 10 consecutive record high closes. The Dow rose 0.17% on Thursday, achieving a new record close of 20,810, its 10th straight record closing high.
2. Hewlett Packard Enterprise (HPE) posted fiscal first-quarter sales below Wall Street forecasts and slashed its full-year guidance. The stock fell 6.7% in premarket trading on Friday.
3. Alphabet's (GOOGL) Waymo, the self-driving car company, sued ride-hailing service Uber and alleged that a former Google manager stole intellectual property.
4. Gap (GPS) shares rose slightly in after-hours trading on Thursday after the retailer reported fourth-quarter earnings and sales above analysts' estimates.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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