What's moving markets today: April 23, 2019
The department store said it will accept Amazon customers' order returns for free — even without the box it shipped in — at all of its more than 1,150 US stores beginning in July.
Shoppers can drop off their returns at customer service desks, and Kohl's will package and ship the items back to Amazon using its own logistics network.
The stock is now up nearly 14% for the year.
The Nasdaq surpassed its record close of 8,110 points thanks to top stocks like toy retailer Hasbro (HAS), which was up a whopping 15%.
The Nasdaq hit its all-time intraday high of 8,133 last September.
The S&P 500 broke above its all-time closing high of 2,930.75 in sday tramorning, and held those gains to close at a new record highoile US stocks were stronger across the board, the S&P was boosted specifically by health care and cyclical consumer stocks.
Meanwhile, the Dow wasn't toofar from own historical best of 26,828 points. It's hovering about 0.6% below that level.
The stock is up 5% today and 120% since the beginning of the year.
Will it continue to race higher? CNN Business will cover Snapchat's earnings live when they come out at 4pm ET.
US markets are off to a strong morning, driven higher by gains in technology and health care, as well as consumer stocks that do well when the market is also performing well.
The S&P 500 is only about 4 points, or 0.1%, away from its all-time closing high of 2,930 points.
Twitter (TWTR) is the index's biggest gainer at nearly 17%, followed by toy retailer Hasbro (HAS) with more than 14%. Both companies reported earnings before the bell. Twitter saw strong user growth last quarter, while sales at Hasbro were encouraging.
In the Dow, Coca-Cola (KO) led the field, rising 1.8%.
Telecom stocks were the weakest across the board. Verizon (VZ) was the biggest loser in the Dow, down 2%. The company reported ailing wireless revenues, but better-than-expected earnings.
The Trump administration's tariff strategy is coming home to roost.
On Tuesday, Harley Davidson (HOG) posted a drop in first-quarter sales and earnings. It cited tariffs between the United States, the European Union and China as part of the reason for its weak performance.
Both the European Union and China retaliated against US-imposed tariffs by adding their own levies.
President Donald Trump tweeted Tuesday that the tariffs Harley faces are unfair and that the United States would reciprocate.
Harley shares closed down 2%.
Stocks kicked off Tuesday’s session slightly stronger.
Among the morning’s biggest gainers was toy retailer Hasbro (HAS), which rallied more than 15% following its first quarter earnings report before the bell.
Twitter (TWTR) shares jumped nearly 13%, also after it posted its earnings.