Mar 30, 2017

NASDAQ closes at record high

The Nasdaq finished up 17 points today, a rise of about 0.3%, bringing it to a record high of 5,914. That's the 21st new record high for the NASDAQ in 2017.

Data: Money.net; Chart: Andrew Witherspoon / Axios

Context: Stocks were up on Thursday, likely due to the Commerce Department's statement that Q4 of 2016 growth was stronger than previous estimates showed.

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S&P earnings expected to grow in Q4 for the first time since 2018

Reproduced from FactSet; Chart: Axios Visuals

Given the way S&P 500 earnings have beaten estimates over the past few years it is likely the index will report earnings growth in the fourth quarter — the first and only quarter of growth last year.

Between the lines: John Butters, FactSet's senior earnings analyst, said in a note that on average nearly three-quarters of S&P 500 companies' actual earnings have exceeded estimates by about 5%.

Go deeperArrowJan 6, 2020

AMD's hot 2020 start could lead to another S&P record

Data: Investing.com; Chart: Axios Visuals

AMD was the best-performing stock on the S&P 500 in both 2018 and 2019, and it got off to a hot start in 2020, rising 7.1% on Thursday to touch a fresh all-time high.

The state of play: The stock rose nearly 80% in 2018, despite falling 40% during that year's disastrous fourth quarter, and it gained 148% in 2019, according to MarketWatch. The company's previous record high stock price was set June 21, 2000.

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Sanders bashes Biden's record: "It’s just a lot of baggage"

Joe Biden and Bernie Sanders. Photo: Justin Sullivan/Getty Images

Sen. Bernie Sanders is ramping up his defense against fellow 2020 competitor Joe Biden, criticizing the former vice president's record and questioning his ability to garner voter turnout, the Washington Post writes.

What he's saying: “It’s just a lot of baggage that Joe takes into a campaign, which isn’t going to create energy and excitement,” Sanders said in an interview between events in Iowa. “He brings into this campaign a record which is so weak that it just cannot create the kind of excitement and energy that is going to be needed to defeat Donald Trump.”

Go deeperArrowJan 3, 2020