What's moving markets today

5:16 p.m. ET, January 11, 2019

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4:44 p.m. ET, January 11, 2019

What moved markets today

Markets whimpered on Friday. Here are some of the biggest movers.

General Motors (GM) soared 7% after upgrading its outlook.

Netflix (NFLX) rose 4% after bullish analyst reports. The company posts earnings next week.

GE (GE) fell as much as 2.5% after an analyst slashed his price target from $10 to $7. Shares ended unchanged on the day.

Caesars Entertainment (CZR) jumped 9% on news that billionaire investor Carl Icahn is building a stake in the casino company.

Starbucks (SBUX) fell 0.7% after Goldman Sachs downgraded Starbucks' stock due to concerns about China.

PVH Corp., (PVH) rose 7% after it said its brand Calvin Klein would close its flagship store in midtown Manhattan.

Embraer (ERJ) rose 2.6% after Brazil approved its joint venture with Boeing. Shares of Boeing (BA) were little changed.

4:12 p.m. ET, January 11, 2019

US markets had a great week

The Dow climbed more than 2% this week despite closing slightly lower on Friday. The S&P 500 also advanced 2.5%, while the Nasdaq surged 3.4%.

On Friday, all three indexes snapped a five-day winning streak. General Motors (GM) soared 7% after upgrading its outlook.

US oil prices fell 1.9% to $51.59 a barrel. That breaks a nine-day winning streak, the longest since January 2010.

3:42 p.m. ET, January 11, 2019

Oil's winning streak is over

US oil prices fell 1.9% to $51.59 a barrel. That breaks a nine-day winning streak, the longest since January 2010.

Despite the slide today, crude is still trading 21% above its Christmas Eve settlement price of $42.53 a barrel. Fears about excess supply and waning demand sent crude crashing into a bear market in the fall.

1:09 p.m. ET, January 11, 2019

Midday market update: Stocks shake off early losses

Wall Street is making another comeback.

After sliding as much as 204 points earlier, the Dow was down just 45 points at 1 p.m. ET.

  • The S&P 500 dipped 0.1%.
  • The Nasdaq was off 0.2%.

The previously red-hot energy sector is under pressure. ConocoPhillips (COP) and EOG Resources (EOG) retreated 2%, in tandem with a slide in US oil prices. Crude is on track to snap a nine-day win streak.

GM (GM), with a 9% gain, remains today's leader in the S&P 500.

1:28 p.m. ET, January 11, 2019

Netflix shares are rallying

Shares of Netflix (NFLX) are trading higher — more than 4% — after a series of bullish analyst reports ahead of next week's earnings.

Raymond James upgraded the stock to a "strong buy" and increased the price target of Netflix's stock to $450 from $435. The analyst credits the popularity of "Bird Box" and "Roma" for bolstering its film efforts and boosting subscriber growth.

Yesterday, an UBS analyst boosted the stock from neutral to buy.

Netflix is up 27% for the (short) year and up 33% since January 2018.

11:57 a.m. ET, January 11, 2019

GE stock could be worth just $5, analyst warns

The worst might not be over for General Electric.

Despite GE's (GE) 2019 stock surge, Gordon Haskett analyst John Inch believes the company's cash flows are likely to remain "extremely challenged."

GE fell as much as 2.5% on Friday after Inch slashed his GE price target from $10 to $7. He cited a "slower global economy," the loss of earnings from selling off its businesses, and huge question marks at GE Capital.

After plunging 57% in 2018, Wall Street optimists bid GE 18% higher so far this year. That makes GE one of the top stocks in the S&P 500.

But Inch isn't a believer in the turnaround story.

“We continue to caution that GE could be worth $5," he wrote.