US stocks rose to new highs for a second-straight day but finished the trading session little changed. The Dow held above 20,000.
Here’s the scoreboard:
- Dow: 20,099.78, +31.27, (0.16%)
- S&P 500: 2,296.71, -1.66, (-0.07%)
- Nasdaq: 5,656.98, +0.65, (0.01%)
Sean Spicer, White House press secretary for President Donald Trump, told reporters on Thursday that the administration is considering a 20% border tax on Mexican imports, according to the White House press pool report.
- The Mexican peso tumbled after Mexico’s president, Enrique Peña Nieto, announced he had canceled a meeting scheduled for next week with President Donald Trump. Mexican opposition figures had reportedly urged Peña Nieto to cancel the meeting to protest Trump’s demand that Mexico pay for a border wall.
- Verizon and Charter are exploring a merger. According to The Wall Street Journal, Verizon CEO Lowell McAdam approached officials “close to Charter,” and they’re in preliminary talks.
- Swiss biotech company Actelion agreed to be purchased by Johnson & Johnson in a $30 billion all-cash deal, following weeks of speculation. The offer to acquire all of Actelion’s outstanding shares for $280 was unanimously approved.
- Caterpillar beat on fourth-quarter earnings but once again lowered its outlook for the year ahead. The industrial-equipment maker said it cut its outlook “due to the strengthening of the US dollar.”
- New home sales fell to a 10-month low in December, by 10.4% at a seasonally adjusted rate of 536,000. But for 2016, sales were the strongest since 2007.
- Initial jobless claims rose more than expected last week, by 22,000 to 259,000. Claims have been below 300,000 for 99 straight weeks.
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