Stock Market Weekly Recap February 24, 2017

TL;DR

US stock market had a strong week with Dow Jones up almost 1%, Nasdaq up 0.1%, and S&P 500 up 0.7%. Biggest movers were RH (up 17%), Lumber Liquidators (up 13%), Southwestern Energy (down 15%), and Texas Roadhouse (down 13%).

Transcript

hello there ladies and gentlemen and welcome to stock market news weekly recap number 6 episode ever in history recapping the februari 24-17 and we're going to do like we usually do we're going to look at how the markets did this week when i'm going to pick out a few stocks that went up the most and down the most this week we're going to look at th... Read More

Key Insights

• 🫰 The US stock market had a strong week, with all major indices posting gains.
• 🛢️ The record amount of crude oil exports shows the impact of fracking technology on the US oil industry.
• 💪 Tesla's strong numbers suggest continued growth in the electric vehicle market.
• 👾 Home Depot and Walmart's positive earnings reflect the strength of the housing market and their efforts to compete in the online retail space.

Questions & Answers

Q: What were the biggest movers in the US stock market this week?

The biggest gainers were RH (up 17%) and Lumber Liquidators (up 13%), while the biggest losers were Southwestern Energy (down 15%) and Texas Roadhouse (down 13%).

Q: What was one of the biggest stories of the week?

One of the biggest stories was the US exporting a record amount of crude oil, exceeding 1 million barrels a day.

Q: What were some of the highlights from Tesla's earnings report?

Tesla reported record-high orders for the Model S and X, with the Model 3 on track for production. They also mentioned the start of battery cell production at Gigafactory number one.

Q: How did Home Depot and Walmart perform in their earnings reports?

Home Depot reported a 5.8% increase in comp store sales, while Walmart's e-commerce sales grew by 36%.

Summary & Key Takeaways

• The US stock market had a strong week, with all major indices posting gains.

• RH and Lumber Liquidators were the top gainers, while Southwestern Energy and Texas Roadhouse were the top losers.

• One of the biggest stories of the week was the US exporting a record amount of crude oil, surpassing 1 million barrels a day.

• Tesla reported strong numbers, with record-high Model S and X orders and the Model 3 on track for production.

• Home Depot and Walmart also reported positive earnings, with Home Depot's comp store sales increasing by 5.8% and Walmart's e-commerce growth at 36%.