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PPG - PPG Industries Inc News Story

$178.69 -0.4  -0.2%

Last Trade - 8:25pm

Sector
Basic Materials
Size
Large Cap
Market Cap £30.51bn
Enterprise Value £33.69bn
Revenue £10.31bn
Position in Universe 305th / 6849

BUZZ-U.S. stocks weekly: Coining it

Fri 16th April, 2021 9:35pm
** S&P 500  .SPX  up for 4th straight week, adds 1.4%  .N 
    ** That said, the SPX may have a fractured foundation
 urn:newsml:reuters.com:*:nL1N2M5138, while the Dow Industrials  .DJI  may be bumping up
against a ceiling  urn:newsml:reuters.com:*:nL1N2M81A8  urn:newsml:reuters.com:*:nL1N2M82LU
    ** And for Dow futures  1YMcv1 , it may be a matter of
momentum  urn:newsml:reuters.com:*:nL1N2M60ZV
    ** Almost every sector mints coin: utilities and materials
most green, while communication services flat; that said, clean
energy stocks have been getting down and dirty  urn:newsml:reuters.com:*:nL1N2M822W
    ** Materials  .SPLRCM  jump 3.2%. Copper miners rally as
metal heads for biggest weekly gain since Feb  urn:newsml:reuters.com:*:nL4N2M93K6.
Freeport-McMoRan  FCX.N  leaps 12%. PPG Industries  PPG.N  rises
on Q1 beat  urn:newsml:reuters.com:*:nL4N2M9335
    ** Healthcare  .SPXHC  up 2.9%. Vaccine rivals jump after
pause called for JNJ  JNJ.N  COVID-19 shot  urn:newsml:reuters.com:*:nL1N2M61D7
    ** Tech  .SPLRCT  up 1.1%. Nvidia  NVDA.O  surges ~11% after
bullish revenue view, plans to make server processor chip to
directly compete with Intel  INTC.O   urn:newsml:reuters.com:*:nL1N2M52D2. Microsoft
 MSFT.O  doubles down on healthcare digitization with $16 bln
buy of Nuance Communications Inc  NUAN.O   urn:newsml:reuters.com:*:nL4N2M536I
 urn:newsml:reuters.com:*:nL4N2M62ST
    ** Financials  .SPSY  up 0.7%. Wells Fargo  WFC.N , Goldman
Sachs  GS.N  jump in wake of upbeat results  urn:newsml:reuters.com:*:nL1N2M71TL. Though
Morgan Stanley  MS.N  slumps Fri on nearly $1 bln
Archegos-linked loss  urn:newsml:reuters.com:*:nL4N2M93MW. S&P 500 Banks Index  .SPXBK ,
back to battle its pre-Financial Crisis highs  urn:newsml:reuters.com:*:nL1N2M710G,
essentially flat on the week
    ** Communication Services  .SPLRCL  unchanged. Worst sector
performer Discovery Inc  DISCA.O  drops 11% as Credit Suisse
 CSGN.S  continues to offer big Archegos-related blocks
 urn:newsml:reuters.com:*:nL1N2M70Y9
    ** Meanwhile, cryptocurrency exchange Coinbase Global
 COIN.O  gyrates, tumbles below debut price  urn:newsml:reuters.com:*:nL1N2M72ZF
    ** SPX performance YTD:    
 
 
 (Lance Tupper and Terence Gabriel are Reuters market analysts.
The views expressed are their own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com
terence.gabriel.tr.com@reuters.net
terence.gabriel@tr.com))
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