Stocks mixed as Nasdaq leads, Apple his record

FILE PHOTO: Federal appeals court judges L-R: Raymond Kethledge, Brett Kavanaugh, Amy Coney Barrett, and Thomas Hardiman, being considered by President Donald Trump for the U.S. Supreme Court, are seen in this combination photo from files. REUTERS/File Photos

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U.S. stocks were mixed in early trading as investors position themselves ahead of key inflation data and earnings from the likes of JPMorgan and Goldman Sachs, while also taking in the future of space tourism after billionaire Richard Branson blasted successfully into orbit. 

DOW, S&P 500 FUTURES SLIP, NASDAQ RISES

The Nasdaq Composite rose 0.23% helped in part by Apple which hit a fresh record, while the Dow Jones Industrial Average and S&P 500 were modestly higher. All three of the major averages closed at record levels on Friday. 

TickerSecurityLastChangeChange %
I:DJIDOW JONES AVERAGES34973.35+103.19+0.30%
SP500S&P 5004379.43+9.88+0.23%
I:COMPNASDAQ COMPOSITE INDEX14709.391707+7.47+0.05%

Virgin Galactic shares are set to open higher after Richard Branson’s historic space flight paves the way for space tourism. Next up, Amazon founder Jeff Bezos is set to take off at the end of the month. 

TickerSecurityLastChangeChange %
SPCEVIRGIN GALACTIC HOLDINGS INC.43.26-6.01-12.20%
UFOPROCURE ETF TRUST II PROCURE SPACE ETF30.65-0.39-1.25%
ARKXARK ETF TR SPACE EXPLORATION & INNOVAT20.81-0.10-0.46%

Disney shares were marginally lower despite bringing in over $80 million at the U.S. Box office over its opening weekend, according to early estimates.  

TickerSecurityLastChangeChange %
DISTHE WALT DISNEY CO.180.38+3.42+1.93%

Also Tesla shares are in focus as CEO Elon Musk testifies in person over the $2.5 billion acquisition of Solar City after some shareholders dispute the deal. 

TickerSecurityLastChangeChange %
TSLATESLA, INC.676.33+19.38+2.95%

Earnings from the big banks, including Wells Fargo, will kick off tomorrow, with one-quarter of the financial firms reporting this week. Charles Schwab will report on Thursday. 

TickerSecurityLastChangeChange %
JPMJPMORGAN CHASE & CO.157.69+2.35+1.51%
GSTHE GOLDMAN SACHS GROUP, INC.379.66+7.67+2.06%
WFCWELLS FARGO & CO.43.81-0.12-0.27%
SCHWTHE CHARLES SCHWAB CORP.71.34+0.87+1.23%
TickerSecurityLastChangeChange %
DALDELTA AIR LINES, INC.43.07+0.12+0.28%
AOUTAMERICAN OUTDOOR BRANDS INC.33.79+0.00+0.01%

Other key earnings will come from Delta Airlines on Wednesday and American Outdoor Brands Thursday. 

In commodities, oil traded down over 1% to $73.62 per barrel, while gold fell 0.66% to 1,190 per ounce. 

Overseas, European markets opened lower and Asian stocks advanced with the NIKKEI 225 Index rising 628.60 points or 2.25%, the Shanghai Composite Index up 23.75 points or 0.67%, and the Hang Seng Index is up 170.70 points or 0.62%.

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