By Geoffrey Smith
Investing.com – US stock markets opened mostly lower on Friday, but have always been on the back of an improving public health image and a $ 1.9 trillion stimulus package that snaked its way through Congress without much dilution still on the way to their highest weekly closing price.
Stocks are also supported by a largely supportive earnings season. According to Refinitiv, earnings per share are likely to have risen by around 3.4% year-on-year in the fourth quarter despite the headwinds from the global pandemic. Excluding the energy sector, earnings growth is an even more respectable 7.3%.
At 9:35 a.m. ET (1435 GMT) it fell 15 points or less than 0.1% while the S&P 500 fell slightly more and it fell 0.4%.
Under the individual stocks bumblebee Inc (NASDAQ 🙂 stock rose 4.0% on the second day of trading after a stellar debut for the dating site. Walt Disney (NYSE 🙂 stock, however, failed to build on its market momentum after generating an earnings return in the three months to December. It fell 0.7%
Elsewhere, Virgin Galactic (NYSE 🙂 shares fell after the company announced it had delayed its final test space flight.
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