Here are 3 things to know about stocks right now
Wall Street: overview
Shares were up on Tuesday, Feb. 12, after lawmakers in Washington reached a tentative deal that would prevent a new government shutdown later this week.
Republican Senator Richard Shelby of Alabama said that a tentative agreement had been reached with Democratic lawmakers to fund the US government throughout the current fiscal year, which ends in September. He noted, however, that the agreement did not include the $ 5.7 billion requested by Donald Trump for border funding.
Investors also welcomed the positive signals of the trade talks between Washington and Beijing.
Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer are expected to arrive in Beijing on Thursday for talks at a higher level as negotiators prepare to meet the March 2 deadline, when tariffs on goods worth $ 200 billion made in China could rise from 10% to 25%. .
The Dow Jones Industrial Average Index jumped 233 points, or 0.93%, to 25,286, the S & P 500 0.9% and the Nasdaq 1.06%. The Dow closed lower on Monday for a fourth consecutive session.
Under Armor Inc. (UAA) achieved an adjusted profit of 9 cents per share in the fourth quarter for a business turnover of $ 1.39 billion. Analysts were expecting a profit of 4 cents per share for a $ 1.38 billion business figure.
The company also reaffirmed that it was counting on earnings per share of 31 cents to 33 cents per share for revenue growth of 3% to 4%.
The stock rose 4.9%.
Molson Coors Brewing Co. (TAP) reported higher-than-expected earnings in the fourth quarter, but noted that "a significant weakness" in how it accounted for deferred tax liabilities in the financial statements of 2016 and 2017 would result in a total loss of $ 247.7 million of retained earnings for the year 2017.
The stock dropped 8.4%.
Electronic Arts Inc. (EA) advanced 3.5% on Tuesday, after closing at the highest level in nearly four months on Monday, as analysts continued to report the amazing success of its multiplayer & multiplayer action game. Apex Legends ".
Financial results are expected after Tuesday's closing bell from competitors Activision Blizzard Inc. (ATVI) and Twilio Inc. (TWLO).
Shares of Coty Inc. (COTY) jumped 13% to $ 10.92 on Tuesday after mainstream brand investor JAB Holding Co. announced its intention to strengthen its stake in the company by acquiring 150 million additional shares of Coty.
Canadian cannabis producer Aurora Cannabis Inc. (ACB) recorded a C $ 237.8 million second-quarter tax loss of C $ 54.2 million, compared to a C $ 7.7 million profit. for revenues of 11.7 million Canadian dollars.
The company attributed the increase in revenues to its launch in the Canadian consumer market, where it posted sales of Can $ 21.6 million, and in the international medical markets.
Shares of Aurora Cannabis rose 1.3% on Tuesday.
Aurora is one of three Canadian cannabis companies reporting profits this week. Tilray Inc. (TLRY) is expected to release its fourth quarter results on Tuesday, while Canopy Growth Corp. (GSC) will release its third quarter results on Thursday.