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Nasdaq records

S&P, Nasdaq open at records as Dow climbs further into positive territory for 2020 – Fox Business

Stocks opened to record highs on Wednesday as the major averages look to keep the momentum going after a strong start to September.

The Dow Jones Industrial Average gained 122 points, or 0.43%, in the opening minutes of trading, after climbing into positive territory for the year on Tuesday.

Meanwhile, the S&P 500 and the Nasdaq Composite were higher by 0.4% and 0.8%, respectively, adding to their record closes from the previous session. The S&P 500 has booked 21 record-high closes this year while the Nasdaq has finished at an all-time high 42 times.

Looking at the economy, the ADP employment report showed private payrolls grew by 428,000 workers in August, missing the 950,000 that analysts surveyed by Refinitiv were expecting. The Labor Department will release the August jobs report ahead of Friday’s opening bell.

Looking at stocks, Macy’s Inc. lost $431 million in the three months through June amid a faster-than-expected recovery of in-store sales and continued strength from its e-e-commerce business. The department store chain posted a $3.58 billion loss during the previous quarter.

AMC Entertainment Holdings will reopen 140 more theaters by Sept. 4, meaning roughly 70% of the theater chain’s locations across the country will be operating.

DraftKings Inc. named NBA Hall of Famer Michael Jordan as a special adviser to the board of directors. Jordan will take an equity stake in the company in exchange for his guidance and strategic advice.

Exxon Mobil Corp. is considering cuts to its global workforce after announcing a voluntary lay-off program in Australia.

Looking at commodities, gold slid $2.60 to $1,976.30 an ounce while West Texas Intermediate crude oil ticked up 10 cents to $42.86 per barrel.

U.S. Treasurys slid, pushing the 10-year note yield up 2.1 basis points to 0.692%.

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European markets were trading higher across the board with Germany’s DAX up 2.44%, France’s CAC advancing 2.27% and Britain’s FTSE gaining 1.65%.

In Asia, Japan’s Nikkei added 0.47% while China’s Shanghai Composite and Hong Kong’s Hang Seng slipped 0.17% and 0.26%, respectively.

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Interscope records

Interscope Records Scores Six Songs in Hot 100’s Top 10 Simultaneously, Thanks to DaBaby & Juice WRLD – Billboard

DaBaby

Meredith Jenks

DaBaby photographed on Sept. 30, 2019 at Drift Studio in New York.

DaBaby’s “Rockstar” leads at No. 1, followed by five Juice WRLD songs.

As previously reported, DaBaby‘s “Rockstar,” featuring Roddy Ricch, logs a sixth week at No. 1 on the Billboard Hot 100 (dated July 25), while the late Juice WRLD charts five songs in the chart’s top 10.

With “Rockstar” released on SouthCoast/Interscope Records and Juice WRLD’s five new top 10s on Grade A/Interscope, Interscope infuses the Hot 100’s top 10 with six songs. That’s the most for a label in a single week since Republic Records also claimed six on the chart dated Sept. 21, 2019. Republic additionally logged six top 10s on charts dated May 18, 2019; Oct. 13, 2018; and July 28, 2018, the most since the label landed seven, all by Drake, on July 14, 2018.

Republic also tallied six simultaneous Hot 100 top 10s on May 12, 2018, the first such occurrence since Interscope achieved the feat on Oct. 13, 2007, with: Soulja Boy Tell’em’s “Crank That (Soulja Boy)” (No. 1); Timbaland’s “The Way I Are,” featuring Keri Hilson (No. 4); Fergie’s “Big Girls Don’t Cry” (No. 5); Timbaland’s “Apologize,” featuring OneRepublic (No. 6); Feist’s “1234” (No. 8); and Keyshia Cole’s “Let It Go,” featuring Missy Elliott and Lil Kim (No. 9).

Interscope also holds the top spot on the Billboard 200 albums chart, as Juice WRLD’s Legends Never Die bounds in at No. 1 with the biggest week, in terms of equivalent album units, of 2020. It’s the second time during the Hot 100 reign of “Rockstar” that Interscope has concurrently boasted the top title on the Billboard 200: When the song spent its first frame atop the Hot 100, dated June 13, Lady Gaga’s Chromatica launched at No. 1 on the Billboard 200.

All charts will update tomorrow (July 21) on Billboard.com.