December 15, 2025
Dow books 10th straight winning session as tech stocks fall on disappointing earnings

Dow books 10th straight winning session as tech stocks fall on disappointing earnings

Dow books 10th straight winning session as tech stocks fall on disappointing earnings – MarketWatch []Joseph Adinolfi is a markets reporter at MarketWatch. “,”email”:”[email protected]”,”url”:”https://www.marketwatch.com/topics/journalists/joseph-adinolfi”,”image”:”https://images.mktw.net/im-784734?width=816&height=816″,”sameAs”:”https://www.marketwatch.com/topics/journalists/joseph-adinolfi”}],”thumbnailUrl”:”https://images.mktw.net/im-818126?width=1280&size=1″}] ]]]]]]]]>]]]]]]>]]]]>]]>

Object.keys(e[t]||{}),executeQueue(e){try{t[e]&&t[e].forEach((e=>this.execute(…e))),delete t[e]}catch(e){console.error(e)}},execute(){var[t,i,r,n]=arguments,s=e[t][i],u=e=>e,c=[];return”function”!=typeof s?s:(r&&(“function”==typeof r?(u=r,n&&Array.isArray(n)&&(c=n)):Array.isArray(r)&&(c=r)),u(s.apply(null,c)))},__reset(){var i=e=>Object.keys(e).forEach((t=>delete e[t]));i(e),i(t)},hasSubscription(e){return this.getSubscribedElements().indexOf(e)>-1},hasSubscribedFunction(e,t){return this.getSubscribedFunctions(e).indexOf(t)>-1},uniqueFucntionsUnderSubscription(t,i){const{__ace:r=(()=>({}))}=window;let n={};return Object.keys(i).forEach((s=>{e[t][s]?r(“log”,”log”,[{type:”warning”,initiator:”page”,message:”You are trying to subscribe the function “+s+” under the “+t+” namespace again. Use another name.”}]):n[s]=i[s]})),n},addSubscription(t,i){if(this.hasSubscription(t)){const r=this.uniqueFucntionsUnderSubscription(t,i);e[t]={…e[t],…r}}else e[t]=i;return e},subscribe(t,i,r){if(r)return e[t]=i,e;if(!i||”object”!=typeof i)throw new Error(“Missing third parameter. You must provide an object.”);return this.addSubscription(t,i),this.executeQueue(t),e},globalMessaging(){var[e,t,…i]=arguments;if(!e&&!t)return this.getSubscribedElements();if(e&&”string”==typeof e&&!t)return this.getSubscribedFunctions(e);if(“string”!=typeof e||”string”!=typeof t)throw new Error(“First and second argument must be String types”);if(this.hasSubscribedFunction(e,t))return this.execute(e,t,…i);this.addToExecutionQueue(e,t,…i)}},window.__ace=i.globalMessaging.bind(i),window.__ace.subscribe=i.subscribe.bind(i)}();var googletag=googletag||{};googletag.cmd=googletag.cmd||[];function _typeof(e){return(_typeof=”function”==typeof Symbol&&”symbol”==typeof Symbol.iterator?function(e){return typeof e}:function(e){return e&&”function”==typeof Symbol&&e.constructor===Symbol&&e!==Symbol.prototype?”symbol”:typeof e})(e)}!function(){for(var e,t,n=[],r=window,o=r;o;){try{if(o.frames.__tcfapiLocator){e=o;break}}catch(e){}if(o===r.top)break;o=r.parent}e||(function e(){var t=r.document,n=!!r.frames.__tcfapiLocator;if(!n)if(t.body){var o=t.createElement(“iframe”);o.style.cssText=”display:none”,o.name=”__tcfapiLocator”,t.body.appendChild(o)}else setTimeout(e,5);return!n}(),r.__tcfapi=function(){for(var e=arguments.length,r=new Array(e),o=0;o3&&2===parseInt(r[1],10)&&”boolean”==typeof r[3]&&(t=r[3],”function”==typeof r[2]&&r[2](“set”,!0)):”ping”===r[0]?”function”==typeof r[2]&&r[2]({gdprApplies:t,cmpLoaded:!1,cmpStatus:”stub”}):n.push(r)},r.addEventListener(“message”,(function(e){var t=”string”==typeof e.data,n={};if(t)try{n=JSON.parse(e.data)}catch(e){}else n=e.data;var r=”object”===_typeof(n)?n.__tcfapiCall:null;r&&window.__tcfapi(r.command,r.version,(function(n,o){var a={__tcfapiReturn:{returnValue:n,success:o,callId:r.callId}};e&&e.source&&e.source.postMessage&&e.source.postMessage(t?JSON.stringify(a):a,”*”)}),r.parameter)}),!1))}(),function(){var e=!1,t=window,n=document;function r(e){var n=”string”==typeof e.data;try{var r=n?JSON.parse(e.data):e.data;if(r.__cmpCall){var o=r.__cmpCall;t.__uspapi(o.command,o.parameter,(function(t,r){var a={__cmpReturn:{returnValue:t,success:r,callId:o.callId}};e.source.postMessage(n?JSON.stringify(a):a,”*”)}))}}catch(r){}}!function e(){if(!t.frames.__uspapiLocator)if(n.body){var r=n.body,o=n.createElement(“iframe”);o.style.cssText=”display:none”,o.name=”__uspapiLocator”,r.appendChild(o)}else setTimeout(e,5)}(),”function”!=typeof __uspapi&&(t.__uspapi=function(){var t=arguments;if(__uspapi.a=__uspapi.a||[],!t.length)return __uspapi.a;”ping”===t[0]?t[2]({gdprAppliesGlobally:e,cmpLoaded:!1},!0):__uspapi.a.push([].slice.apply(t))},__uspapi.msgHandler=r,t.addEventListener(“message”,r,!1))}(),function(e){var t={};function n(r){if(t[r])return t[r].exports;var o=t[r]={i:r,l:!1,exports:{}};return e[r].call(o.exports,o,o.exports,n),o.l=!0,o.exports}n.m=e,n.c=t,n.d=function(e,t,r){n.o(e,t)||Object.defineProperty(e,t,{enumerable:!0,get:r})},n.r=function(e){“undefined”!=typeof Symbol&&Symbol.toStringTag&&Object.defineProperty(e,Symbol.toStringTag,{value:”Module”}),Object.defineProperty(e,”__esModule”,{value:!0})},n.t=function(e,t){if(1&t&&(e=n(e)),8&t)return e;if(4&t&&”object”==typeof e&&e&&e.__esModule)return e;var r=Object.create(null);if(n.r(r),Object.defineProperty(r,”default”,{enumerable:!0,value:e}),2&t&&”string”!=typeof e)for(var o in e)n.d(r,o,function(t){return e[t]}.bind(null,o));return r},n.n=function(e){var t=e&&e.__esModule?function(){return e.default}:function(){return e};return n.d(t,”a”,t),t},n.o=function(e,t){return Object.prototype.hasOwnProperty.call(e,t)},n.p=”/”,n(n.s=0)}([function(e,t,n){“use strict”;n.r(t);var r=function(){var e=window.djcmp,t=void 0===e?{}:e;if(!t._params){var n=document.querySelector(“#djcmp”),r=n&&n.getAttribute(“data-params”);t._params=r&&JSON.parse(r)}return t._params||{}},o=function(){return!(-1!==(document&&document.cookie||””).indexOf(“gdprApplies=false”))},a=function(){return window&&window.djcmp&&window.djcmp.tcData&&window.djcmp.tcData.gdprApplies},i=function(){var e=a();return”boolean”==typeof e?e:null},p=function(e,t){if(r().gdprApplies)return!0;switch(e){case”cookieOnly”:return o();case”serviceOnly”:return function(){var e=arguments.length>0&&void 0!==arguments[0]?arguments[0]:function(){},t=r().geoServiceUrl;if(t){var n=””.concat(t,”/geolocation-services/gdpr”);fetch(n).then((function(e){return e.json()})).then((function(t){var n=t.applies;e(n)})).catch((function(){e(null)}))}else”function”==typeof e&&e(null)}(t);case”tcfapiOnly”:return”function”==typeof t?function(e){var t=a();return”boolean”==typeof t?e(t):window.__tcfapi(“getTCData”,2,(function(t){var n=”boolean”!=typeof t.gdprApplies||t.gdprApplies;e(n)}))}(t):i();case”cookieFirst”:return-1!==(document&&document.cookie||””).indexOf(“gdprApplies=”)?o():i();default:return function(){var e=a();return”boolean”==typeof e?e:o()}()}},c=function(e){return!!r().ccpaApplies};!function(){var e=[];function t(){e.push(arguments)}window.djcmp||(t.gdprApplies=p,t.ccpaApplies=c,t.queue=e,window.djcmp=t)}()}]); ]]]]]]]]>]]]]]]>]]]]>]]> {}),performance:d}=window,o=e=>{const d=(t(“page”)||[]).indexOf(“setPerfMark”)>-1?”page”:”ace”;t(d,”setPerfMark”,[e,{isNewRelicEnabled:!0,justNewRelic:!1}])};e.cmd.push((()=>{const s={gptSlotRequested:!1,gptSlotRenderEnded:!1,gptSlotOnload:!1};window.adslots=window.adslots||{},window.adslots.spaAdtechPerfObj=s,t(“dataLayer”,”setData”,[{spaAdtechPerfObj:s}]),e.pubads().addEventListener(“slotRequested”,(()=>{const{spaAdtechPerfObj:e={}}=window.adslots,{gptSlotRequested:t}=e;t||(d.clearMarks(“gpt-slotRequested”),o(“gpt-slotRequested”),window.adslots.spaAdtechPerfObj.gptSlotRequested=!0)})),e.pubads().addEventListener(“slotRenderEnded”,(()=>{const{spaAdtechPerfObj:e={}}=window.adslots,{gptSlotRenderEnded:t}=e;t||(d.clearMarks(“gpt-slotRenderEnded”),o(“gpt-slotRenderEnded”),window.adslots.spaAdtechPerfObj.gptSlotRenderEnded=!0)})),e.pubads().addEventListener(“slotOnload”,(()=>{const{spaAdtechPerfObj:e={}}=window.adslots,{gptSlotOnload:t}=e;t||(d.clearMarks(“gpt-slotOnload”),o(“gpt-slotOnload”),window.adslots.spaAdtechPerfObj.gptSlotOnload=!0)}))}))})(); ]]]]]]]]>]]]]]]>]]]]>]]> {const{moatEnabled:t,adId:o,slot:d,requestAd:m}=e,s=a[o]&&a[o].slot||d;if(n.getEntriesByName(“moat-ace-firstAdItem”).length||i(“ace”,”setPerfMark”,[“moat-ace-firstAdItem”,{isNewRelicEnabled:!0}]),t&&”function”==typeof r&&r(s),!s)throw new ReferenceError(`slot ${o} is not defined`);m(s,e)})),window.moatQueue=null};((t=e)=>{if(“function”!=typeof t)throw new TypeError(“moatYieldReady must be a function”);window.moatYieldReady=t})()}(); ]]]]]]]]>]]]]]]>]]]]>]]> {function a(a,e){window.apstag._Q.push([a,e])}window.apstag||(window.apstag={init(){a(“i”,arguments)},fetchBids(){a(“f”,arguments)},setDisplayBids(){},targetingKeys:()=>[],_Q:[]})})(); ]]]]]]]]>]]]]]]>]]]]>]]> {n.d(t,{P_:()=>f,Mt:()=>p,C5:()=>s,DL:()=>m,OP:()=>_,lF:()=>E,Yu:()=>y,Dg:()=>g,CX:()=>c,GE:()=>b,sU:()=>j});var r=n(8632),i=n(9567);const o={beacon:r.ce.beacon,errorBeacon:r.ce.errorBeacon,licenseKey:void 0,applicationID:void 0,sa:void 0,queueTime:void 0,applicationTime:void 0,ttGuid:void 0,user:void 0,account:void 0,product:void 0,extra:void 0,jsAttributes:{},userAttributes:void 0,atts:void 0,transactionName:void 0,tNamePlain:void 0},a={};function s(e){if(!e)throw new Error(“All info objects require an agent identifier!”);if(!a[e])throw new Error(“Info for “.concat(e,” was never set”));return a[e]}function c(e,t){if(!e)throw new Error(“All info objects require an agent identifier!”);a[e]=(0,i.D)(t,o),(0,r.Qy)(e,a[e],”info”)}var d=n(7056);const u=()=>{const e={blockSelector:”[data-nr-block]”,maskInputOptions:{password:!0}};return{allow_bfcache:!0,privacy:{cookies_enabled:!0},ajax:{deny_list:void 0,enabled:!0,harvestTimeSeconds:10},distributed_tracing:{enabled:void 0,exclude_newrelic_header:void 0,cors_use_newrelic_header:void 0,cors_use_tracecontext_headers:void 0,allowed_origins:void 0},session:{domain:void 0,expiresMs:d.oD,inactiveMs:d.Hb},ssl:void 0,obfuscate:void 0,jserrors:{enabled:!0,harvestTimeSeconds:10},metrics:{enabled:!0},page_action:{enabled:!0,harvestTimeSeconds:30},page_view_event:{enabled:!0},page_view_timing:{enabled:!0,harvestTimeSeconds:30,long_task:!1},session_trace:{enabled:!0,harvestTimeSeconds:10},harvest:{tooManyRequestsDelay:60},session_replay:{enabled:!1,harvestTimeSeconds:60,sampleRate:.1,errorSampleRate:.1,maskTextSelector:”*”,maskAllInputs:!0,get blockClass(){return”nr-block”},get ignoreClass(){return”nr-ignore”},get maskTextClass(){return”nr-mask”},get blockSelector(){return e.blockSelector},set blockSelector(t){e.blockSelector+=”,”.concat(t)},get maskInputOptions(){return e.maskInputOptions},set maskInputOptions(t){e.maskInputOptions={…t,password:!0}}},spa:{enabled:!0,harvestTimeSeconds:10}}},l={};function f(e){if(!e)throw new Error(“All configuration objects require an agent identifier!”);if(!l[e])throw new Error(“Configuration for “.concat(e,” was never set”));return l[e]}function g(e,t){if(!e)throw new Error(“All configuration objects require an agent identifier!”);l[e]=(0,i.D)(t,u()),(0,r.Qy)(e,l[e],”config”)}function p(e,t){if(!e)throw new Error(“All configuration objects require an agent identifier!”);var n=f(e);if(n){for(var r=t.split(“.”),i=0;i{n.d(t,{D:()=>i});var r=n(50);function i(e,t){try{if(!e||”object”!=typeof e)return(0,r.Z)(“Setting a Configurable requires an object as input”);if(!t||”object”!=typeof t)return(0,r.Z)(“Setting a Configurable requires a model to set its initial properties”);const n=Object.create(Object.getPrototypeOf(t),Object.getOwnPropertyDescriptors(t)),o=0===Object.keys(n).length?e:n;for(let a in o)if(void 0!==e[a])try{“object”==typeof e[a]&&”object”==typeof t[a]?n[a]=i(e[a],t[a]):n[a]=e[a]}catch(e){(0,r.Z)(“An error occurred while setting a property of a Configurable”,e)}return n}catch(e){(0,r.Z)(“An error occured while setting a Configurable”,e)}}},6818:(e,t,n)=>{n.d(t,{Re:()=>i,gF:()=>o,q4:()=>r});const r=”1.236.0″,i=”PROD”,o=”CDN”},385:(e,t,n)=>{n.d(t,{FN:()=>a,IF:()=>d,Nk:()=>l,Tt:()=>s,_A:()=>o,il:()=>r,pL:()=>c,v6:()=>i,w1:()=>u});const r=”undefined”!=typeof window&&!!window.document,i=”undefined”!=typeof WorkerGlobalScope&&(“undefined”!=typeof self&&self instanceof WorkerGlobalScope&&self.navigator instanceof WorkerNavigator||”undefined”!=typeof globalThis&&globalThis instanceof WorkerGlobalScope&&globalThis.navigator instanceof WorkerNavigator),o=r?window:”undefined”!=typeof WorkerGlobalScope&&(“undefined”!=typeof self&&self instanceof WorkerGlobalScope&&self||”undefined”!=typeof globalThis&&globalThis instanceof WorkerGlobalScope&&globalThis),a=””+o?.location,s=/iPad|iPhone|iPod/.test(navigator.userAgent),c=s&&”undefined”==typeof SharedWorker,d=(()=>{const e=navigator.userAgent.match(/Firefox[/s](d+.d+)/);return Array.isArray(e)&&e.length>=2?+e[1]:0})(),u=Boolean(r&&window.document.documentMode),l=!!navigator.sendBeacon},1117:(e,t,n)=>{n.d(t,{w:()=>o});var r=n(50);const i={agentIdentifier:””,ee:void 0};class o{constructor(e){try{if(“object”!=typeof e)return(0,r.Z)(“shared context requires an object as input”);this.sharedContext={},Object.assign(this.sharedContext,i),Object.entries(e).forEach((e=>{let[t,n]=e;Object.keys(i).includes(t)&&(this.sharedContext[t]=n)}))}catch(e){(0,r.Z)(“An error occured while setting SharedContext”,e)}}}},8e3:(e,t,n)=>{n.d(t,{L:()=>u,R:()=>c});var r=n(2177),i=n(1284),o=n(4322),a=n(3325);const s={};function c(e,t){const n={staged:!1,priority:a.p[t]||0};d(e),s[e].get(t)||s[e].set(t,n)}function d(e){e&&(s[e]||(s[e]=new Map))}function u(){let e=arguments.length>0&&void 0!==arguments[0]?arguments[0]:””,t=arguments.length>1&&void 0!==arguments[1]?arguments[1]:”feature”;if(d(e),!e||!s[e].get(t))return a(t);s[e].get(t).staged=!0;const n=[…s[e]];function a(t){const n=e?r.ee.get(e):r.ee,a=o.X.handlers;if(n.backlog&&a){var s=n.backlog[t],c=a[t];if(c){for(var d=0;s&&d{let[t,n]=e;return n.staged}))&&(n.sort(((e,t)=>e[1].priority-t[1].priority)),n.forEach((e=>{let[t]=e;a(t)})))}function l(e,t){var n=e[1];(0,i.D)(t[n],(function(t,n){var r=e[0];if(n[0]===r){var i=n[1],o=e[3],a=e[2];i.apply(o,a)}}))}},2177:(e,t,n)=>{n.d(t,{ee:()=>d});var r=n(8632),i=n(2210),o=n(1284),a=n(5763),s=”nr@context”;let c=(0,r.fP)();var d;function u(){}function l(){return new u}function f(){d.aborted=!0,d.backlog={}}c.ee?d=c.ee:(d=function e(t,n){var r={},c={},g={},p=!1;try{p=16===n.length&&(0,a.OP)(n).isolatedBacklog}catch(e){}var h={on:b,addEventListener:b,removeEventListener:y,emit:m,get:A,listeners:w,context:v,buffer:x,abort:f,aborted:!1,isBuffering:D,debugId:n,backlog:p?{}:t&&”object”==typeof t.backlog?t.backlog:{}};return h;function v(e){return e&&e instanceof u?e:e?(0,i.X)(e,s,l):l()}function m(e,n,r,i,o){if(!1!==o&&(o=!0),!d.aborted||i){t&&o&&t.emit(e,n,r);for(var a=v(r),s=w(e),u=s.length,l=0;lr,p:()=>i});var r=n(2177).ee.get(“handle”);function i(e,t,n,i,o){o?(o.buffer([e],i),o.emit(e,t,n)):(r.buffer([e],i),r.emit(e,t,n))}},4322:(e,t,n)=>{n.d(t,{X:()=>o});var r=n(5546);o.on=a;var i=o.handlers={};function o(e,t,n,o){a(o||r.E,i,e,t,n)}function a(e,t,n,i,o){o||(o=”feature”),e||(e=r.E);var a=t[o]=t[o]||{};(a[n]=a[n]||[]).push([e,i])}},3239:(e,t,n)=>{n.d(t,{bP:()=>s,iz:()=>c,m$:()=>a});var r=n(385);let i=!1,o=!1;try{const e={get passive(){return i=!0,!1},get signal(){return o=!0,!1}};r._A.addEventListener(“test”,null,e),r._A.removeEventListener(“test”,null,e)}catch(e){}function a(e,t){return i||o?{capture:!!e,passive:i,signal:t}:!!e}function s(e,t){let n=arguments.length>2&&void 0!==arguments[2]&&arguments[2],r=arguments.length>3?arguments[3]:void 0;window.addEventListener(e,t,a(n,r))}function c(e,t){let n=arguments.length>2&&void 0!==arguments[2]&&arguments[2],r=arguments.length>3?arguments[3]:void 0;document.addEventListener(e,t,a(n,r))}},4402:(e,t,n)=>{n.d(t,{Rl:()=>a,ky:()=>s});var r=n(385);const i=”xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx”;function o(e,t){return e?15&e[t]:16*Math.random()|0}function a(){const e=r._A?.crypto||r._A?.msCrypto;let t,n=0;return e&&e.getRandomValues&&(t=e.getRandomValues(new Uint8Array(31))),i.split(“”).map((e=>”x”===e?o(t,++n).toString(16):”y”===e?(3&o()|8).toString(16):e)).join(“”)}function s(e){const t=r._A?.crypto||r._A?.msCrypto;let n,i=0;t&&t.getRandomValues&&(n=t.getRandomValues(new Uint8Array(31)));const a=[];for(var s=0;s{n.d(t,{Bq:()=>r,Hb:()=>o,oD:()=>i});const r=”NRBA”,i=144e5,o=18e5},7894:(e,t,n)=>{function r(){return Math.round(performance.now())}n.d(t,{z:()=>r})},50:(e,t,n)=>{function r(e,t){“function”==typeof console.warn&&(console.warn(“New Relic: “.concat(e)),t&&console.warn(t))}n.d(t,{Z:()=>r})},2587:(e,t,n)=>{n.d(t,{N:()=>c,T:()=>d});var r=n(2177),i=n(5546),o=n(8e3),a=n(3325);const s={stn:[a.D.sessionTrace],err:[a.D.jserrors,a.D.metrics],ins:[a.D.pageAction],spa:[a.D.spa],sr:[a.D.sessionReplay,a.D.sessionTrace]};function c(e,t){const n=r.ee.get(t);e&&”object”==typeof e&&(Object.entries(e).forEach((e=>{let[t,r]=e;void 0===d[t]&&(s[t]?s[t].forEach((e=>{r?(0,i.p)(“feat-“+t,[],void 0,e,n):(0,i.p)(“block-“+t,[],void 0,e,n),(0,i.p)(“rumresp-“+t,[Boolean(r)],void 0,e,n)})):r&&(0,i.p)(“feat-“+t,[],void 0,void 0,n),d[t]=Boolean(r))})),Object.keys(s).forEach((e=>{void 0===d[e]&&(s[e]?.forEach((t=>(0,i.p)(“rumresp-“+e,[!1],void 0,t,n))),d[e]=!1)})),(0,o.L)(t,a.D.pageViewEvent))}const d={}},2210:(e,t,n)=>{n.d(t,{X:()=>i});var r=Object.prototype.hasOwnProperty;function i(e,t,n){if(r.call(e,t))return e[t];var i=n();if(Object.defineProperty&&Object.keys)try{return Object.defineProperty(e,t,{value:i,writable:!0,enumerable:!1}),i}catch(e){}return e[t]=i,i}},1284:(e,t,n)=>{n.d(t,{D:()=>r});const r=(e,t)=>Object.entries(e||{}).map((e=>{let[n,r]=e;return t(n,r)}))},4351:(e,t,n)=>{n.d(t,{P:()=>o});var r=n(2177);const i=()=>{const e=new WeakSet;return(t,n)=>{if(“object”==typeof n&&null!==n){if(e.has(n))return;e.add(n)}return n}};function o(e){try{return JSON.stringify(e,i())}catch(e){try{r.ee.emit(“internal-error”,[e])}catch(e){}}}},3960:(e,t,n)=>{n.d(t,{K:()=>a,b:()=>o});var r=n(3239);function i(){return”undefined”==typeof document||”complete”===document.readyState}function o(e,t){if(i())return e();(0,r.bP)(“load”,e,t)}function a(e){if(i())return e();(0,r.iz)(“DOMContentLoaded”,e)}},8632:(e,t,n)=>{n.d(t,{EZ:()=>d,Qy:()=>c,ce:()=>o,fP:()=>a,gG:()=>u,mF:()=>s});var r=n(7894),i=n(385);const o={beacon:”bam.nr-data.net”,errorBeacon:”bam.nr-data.net”};function a(){return i._A.NREUM||(i._A.NREUM={}),void 0===i._A.newrelic&&(i._A.newrelic=i._A.NREUM),i._A.NREUM}function s(){let e=a();return e.o||(e.o={ST:i._A.setTimeout,SI:i._A.setImmediate,CT:i._A.clearTimeout,XHR:i._A.XMLHttpRequest,REQ:i._A.Request,EV:i._A.Event,PR:i._A.Promise,MO:i._A.MutationObserver,FETCH:i._A.fetch}),e}function c(e,t,n){let i=a();const o=i.initializedAgents||{},s=o[e]||{};return Object.keys(s).length||(s.initializedAt={ms:(0,r.z)(),date:new Date}),i.initializedAgents={…o,[e]:{…s,[n]:t}},i}function d(e,t){a()[e]=t}function u(){return function(){let e=a();const t=e.info||{};e.info={beacon:o.beacon,errorBeacon:o.errorBeacon,…t}}(),function(){let e=a();const t=e.init||{};e.init={…t}}(),s(),function(){let e=a();const t=e.loader_config||{};e.loader_config={…t}}(),a()}},7956:(e,t,n)=>{n.d(t,{N:()=>i});var r=n(3239);function i(e){let t=arguments.length>1&&void 0!==arguments[1]&&arguments[1],n=arguments.length>2?arguments[2]:void 0,i=arguments.length>3?arguments[3]:void 0;return void(0,r.iz)(“visibilitychange”,(function(){if(t)return void(“hidden”==document.visibilityState&&e());e(document.visibilityState)}),n,i)}},3081:(e,t,n)=>{n.d(t,{gF:()=>o,mY:()=>i,t9:()=>r,vz:()=>s,xS:()=>a});const r=n(3325).D.metrics,i=”sm”,o=”cm”,a=”storeSupportabilityMetrics”,s=”storeEventMetrics”},7633:(e,t,n)=>{n.d(t,{Dz:()=>i,OJ:()=>a,qw:()=>o,t9:()=>r});const r=n(3325).D.pageViewEvent,i=”firstbyte”,o=”domcontent”,a=”windowload”},9251:(e,t,n)=>{n.d(t,{t:()=>r});const r=n(3325).D.pageViewTiming},5938:(e,t,n)=>{n.d(t,{W:()=>o});var r=n(5763),i=n(2177);class o{constructor(e,t,n){this.agentIdentifier=e,this.aggregator=t,this.ee=i.ee.get(e,(0,r.OP)(this.agentIdentifier).isolatedBacklog),this.featureName=n,this.blocked=!1}}},9144:(e,t,n)=>{n.d(t,{j:()=>v});var r=n(3325),i=n(5763),o=n(5546),a=n(2177),s=n(7894),c=n(8e3),d=n(3960),u=n(385),l=n(50),f=n(3081),g=n(8632);function p(){const e=(0,g.gG)();[“setErrorHandler”,”finished”,”addToTrace”,”inlineHit”,”addRelease”,”addPageAction”,”setCurrentRouteName”,”setPageViewName”,”setCustomAttribute”,”interaction”,”noticeError”,”setUserId”].forEach((t=>{e[t]=function(){for(var n=arguments.length,r=new Array(n),i=0;i1?n-1:0),i=1;i{e.exposed&&e.api[t]&&o.push(e.api[t](…r))})),o.length>1?o:o[0]}(t,…r)}}))}var h=n(2587);function v(e){let t=arguments.length>1&&void 0!==arguments[1]?arguments[1]:{},v=arguments.length>2?arguments[2]:void 0,m=arguments.length>3?arguments[3]:void 0,{init:b,info:y,loader_config:w,runtime:A={loaderType:v},exposed:x=!0}=t;const D=(0,g.gG)();y||(b=D.init,y=D.info,w=D.loader_config),(0,i.Dg)(e,b||{}),(0,i.GE)(e,w||{}),(0,i.sU)(e,A),y.jsAttributes??={},u.v6&&(y.jsAttributes.isWorker=!0),(0,i.CX)(e,y),p();const _=function(e,t){t||(0,c.R)(e,”api”);const g={};var p=a.ee.get(e),h=p.get(“tracer”),v=”api-“,m=v+”ixn-“;function b(t,n,r,o){const a=(0,i.C5)(e);return null===n?delete a.jsAttributes[t]:(0,i.CX)(e,{…a,jsAttributes:{…a.jsAttributes,[t]:n}}),A(v,r,!0,o||null===n?”session”:void 0)(t,n)}function y(){}[“setErrorHandler”,”finished”,”addToTrace”,”inlineHit”,”addRelease”].forEach((e=>g[e]=A(v,e,!0,”api”))),g.addPageAction=A(v,”addPageAction”,!0,r.D.pageAction),g.setCurrentRouteName=A(v,”routeName”,!0,r.D.spa),g.setPageViewName=function(t,n){if(“string”==typeof t)return”/”!==t.charAt(0)&&(t=”/”+t),(0,i.OP)(e).customTransaction=(n||”http://custom.transaction”)+t,A(v,”setPageViewName”,!0)()},g.setCustomAttribute=function(e,t){let n=arguments.length>2&&void 0!==arguments[2]&&arguments[2];if(“string”==typeof e){if([“string”,”number”].includes(typeof t)||null===t)return b(e,t,”setCustomAttribute”,n);(0,l.Z)(“Failed to execute setCustomAttribute.nNon-null value must be a string or number type, but a type of was provided.”))}else(0,l.Z)(“Failed to execute setCustomAttribute.nName must be a string type, but a type of was provided.”))},g.setUserId=function(e){if(“string”==typeof e||null===e)return b(“enduser.id”,e,”setUserId”,!0);(0,l.Z)(“Failed to execute setUserId.nNon-null value must be a string type, but a type of was provided.”))},g.interaction=function(){return(new y).get()};var w=y.prototype={createTracer:function(e,t){var n={},i=this,a=”function”==typeof t;return(0,o.p)(m+”tracer”,[(0,s.z)(),e,n],i,r.D.spa,p),function(){if(h.emit((a?””:”no-“)+”fn-start”,[(0,s.z)(),i,a],n),a)try{return t.apply(this,arguments)}catch(e){throw h.emit(“fn-err”,[arguments,this,”string”==typeof e?new Error(e):e],n),e}finally{h.emit(“fn-end”,[(0,s.z)()],n)}}}};function A(e,t,n,i){return function(){return(0,o.p)(f.xS,[“API/”+t+”/called”],void 0,r.D.metrics,p),i&&(0,o.p)(e+t,[(0,s.z)(),…arguments],n?null:this,i,p),n?void 0:this}}function x(){n.e(439).then(n.bind(n,7438)).then((t=>{let{setAPI:n}=t;n(e),(0,c.L)(e,”api”)})).catch((()=>(0,l.Z)(“Downloading runtime APIs failed…”)))}return[“actionText”,”setName”,”setAttribute”,”save”,”ignore”,”onEnd”,”getContext”,”end”,”get”].forEach((e=>{w[e]=A(m,e,void 0,r.D.spa)})),g.noticeError=function(e,t){“string”==typeof e&&(e=new Error(e)),(0,o.p)(f.xS,[“API/noticeError/called”],void 0,r.D.metrics,p),(0,o.p)(“err”,[e,(0,s.z)(),!1,t],void 0,r.D.jserrors,p)},u.il?(0,d.b)((()=>x()),!0):x(),g}(e,m);return(0,g.Qy)(e,_,”api”),(0,g.Qy)(e,x,”exposed”),(0,g.EZ)(“activatedFeatures”,h.T),_}},3325:(e,t,n)=>{n.d(t,{D:()=>r,p:()=>i});const r={ajax:”ajax”,jserrors:”jserrors”,metrics:”metrics”,pageAction:”page_action”,pageViewEvent:”page_view_event”,pageViewTiming:”page_view_timing”,sessionReplay:”session_replay”,sessionTrace:”session_trace”,spa:”spa”},i={[r.pageViewEvent]:1,[r.pageViewTiming]:2,[r.metrics]:3,[r.jserrors]:4,[r.ajax]:5,[r.sessionTrace]:6,[r.pageAction]:7,[r.spa]:8,[r.sessionReplay]:9}}},r={};function i(e){var t=r[e];if(void 0!==t)return t.exports;var o=r[e]={exports:{}};return n[e](o,o.exports,i),o.exports}i.m=n,i.d=(e,t)=>{for(var n in t)i.o(t,n)&&!i.o(e,n)&&Object.defineProperty(e,n,{enumerable:!0,get:t[n]})},i.f={},i.e=e=>Promise.all(Object.keys(i.f).reduce(((t,n)=>(i.f[n](e,t),t)),[])),i.u=e=>(({78:”page_action-aggregate”,147:”metrics-aggregate”,242:”session-manager”,317:”jserrors-aggregate”,348:”page_view_timing-aggregate”,412:”lazy-feature-loader”,439:”async-api”,538:”recorder”,590:”session_replay-aggregate”,675:”compressor”,733:”session_trace-aggregate”,786:”page_view_event-aggregate”,873:”spa-aggregate”,898:”ajax-aggregate”}[e]||e)+”.”+{78:”ac76d497″,147:”3dc53903″,148:”1a20d5fe”,242:”2a64278a”,317:”49e41428″,348:”bd6de33a”,412:”2f55ce66″,439:”30bd804e”,538:”1b18459f”,590:”cf0efb30″,675:”ae9f91a8″,733:”83105561″,786:”06482edd”,860:”03a8b7a5″,873:”e6b09d52″,898:”998ef92b”}[e]+”-1.236.0.min.js”),i.o=(e,t)=>Object.prototype.hasOwnProperty.call(e,t),e={},t=”NRBA:”,i.l=(n,r,o,a)=>{if(e[n])e[n].push(r);else{var s,c;if(void 0!==o)for(var d=document.getElementsByTagName(“script”),u=0;u{s.onerror=s.onload=null,clearTimeout(g);var i=e[n];if(delete e[n],s.parentNode&&s.parentNode.removeChild(s),i&&i.forEach((e=>e(r))),t)return t(r)},g=setTimeout(f.bind(null,void 0,{type:”timeout”,target:s}),12e4);s.onerror=f.bind(null,s.onerror),s.onload=f.bind(null,s.onload),c&&document.head.appendChild(s)}},i.r=e=>{“undefined”!=typeof Symbol&&Symbol.toStringTag&&Object.defineProperty(e,Symbol.toStringTag,{value:”Module”}),Object.defineProperty(e,”__esModule”,{value:!0})},i.j=6,i.p=”https://js-agent.newrelic.com/”,(()=>{var e={6:0,352:0};i.f.j=(t,n)=>{var r=i.o(e,t)?e[t]:void 0;if(0!==r)if(r)n.push(r[2]);else{var o=new Promise(((n,i)=>r=e[t]=[n,i]));n.push(r[2]=o);var a=i.p+i.u(t),s=new Error;i.l(a,(n=>{if(i.o(e,t)&&(0!==(r=e[t])&&(e[t]=void 0),r)){var o=n&&(“load”===n.type?”missing”:n.type),a=n&&n.target&&n.target.src;s.message=”Loading chunk “+t+” failed.n(“+o+”: “+a+”)”,s.name=”ChunkLoadError”,s.type=o,s.request=a,r[1](s)}}),”chunk-“+t,t)}};var t=(t,n)=>{var r,o,[a,s,c]=n,d=0;if(a.some((t=>0!==e[t]))){for(r in s)i.o(s,r)&&(i.m[r]=s[r]);if(c)c(i)}for(t&&t(n);d{i.r(o);var e=i(3325),t=i(5763);const n=Object.values(e.D);function r(e){const r={};return n.forEach((n=>{r[n]=function(e,n){return!1!==(0,t.Mt)(n,””.concat(e,”.enabled”))}(n,e)})),r}var a=i(9144);var s=i(5546),c=i(385),d=i(8e3),u=i(5938),l=i(3960),f=i(50);class g extends u.W{constructor(e,t,n){let r=!(arguments.length>3&&void 0!==arguments[3])||arguments[3];super(e,t,n),this.auto=r,this.abortHandler,this.featAggregate,this.onAggregateImported,r&&(0,d.R)(e,n)}importAggregator(){let e=arguments.length>0&&void 0!==arguments[0]?arguments[0]:{};if(this.featAggregate||!this.auto)return;const n=c.il&&!0===(0,t.Mt)(this.agentIdentifier,”privacy.cookies_enabled”);let r;this.onAggregateImported=new Promise((e=>{r=e}));const o=async()=>{let t;try{if(n){const{setupAgentSession:e}=await Promise.all([i.e(860),i.e(242)]).then(i.bind(i,3228));t=e(this.agentIdentifier)}}catch(e){(0,f.Z)(“A problem occurred when starting up session manager. This page will not start or extend any session.”,e)}try{if(!this.shouldImportAgg(this.featureName,t))return void(0,d.L)(this.agentIdentifier,this.featureName);const{lazyFeatureLoader:n}=await i.e(412).then(i.bind(i,8582)),{Aggregate:o}=await n(this.featureName,”aggregate”);this.featAggregate=new o(this.agentIdentifier,this.aggregator,e),r(!0)}catch(e){(0,f.Z)(“Downloading and initializing “.concat(this.featureName,” failed…”),e),this.abortHandler?.(),r(!1)}};c.il?(0,l.b)((()=>o()),!0):o()}shouldImportAgg(n,r){return n!==e.D.sessionReplay||!1!==(0,t.Mt)(this.agentIdentifier,”session_trace.enabled”)&&(!!r?.isNew||!!r?.state.sessionReplay)}}var p=i(7633),h=i(7894);class v extends g{static featureName=p.t9;constructor(n,r){let i=!(arguments.length>2&&void 0!==arguments[2])||arguments[2];if(super(n,r,p.t9,i),(“undefined”==typeof PerformanceNavigationTiming||c.Tt)&&”undefined”!=typeof PerformanceTiming){const r=(0,t.OP)(n);r[p.Dz]=Math.max(Date.now()-r.offset,0),(0,l.K)((()=>r[p.qw]=Math.max((0,h.z)()-r[p.Dz],0))),(0,l.b)((()=>{const t=(0,h.z)();r[p.OJ]=Math.max(t-r[p.Dz],0),(0,s.p)(“timing”,[“load”,t],void 0,e.D.pageViewTiming,this.ee)}))}this.importAggregator()}}var m=i(1117),b=i(1284);class y extends m.w{constructor(e){super(e),this.aggregatedData={}}store(e,t,n,r,i){var o=this.getBucket(e,t,n,i);return o.metrics=function(e,t){t||(t={count:0});return t.count+=1,(0,b.D)(e,(function(e,n){t[e]=w(n,t[e])})),t}(r,o.metrics),o}merge(e,t,n,r,i){var o=this.getBucket(e,t,r,i);if(o.metrics){var a=o.metrics;a.count+=n.count,(0,b.D)(n,(function(e,t){if(“count”!==e){var r=a[e],i=n[e];i&&!i.c?a[e]=w(i.t,r):a[e]=function(e,t){if(!t)return e;t.c||(t=A(t.t));return t.min=Math.min(e.min,t.min),t.max=Math.max(e.max,t.max),t.t+=e.t,t.sos+=e.sos,t.c+=e.c,t}(i,a[e])}}))}else o.metrics=n}storeMetric(e,t,n,r){var i=this.getBucket(e,t,n);return i.stats=w(r,i.stats),i}getBucket(e,t,n,r){this.aggregatedData[e]||(this.aggregatedData[e]={});var i=this.aggregatedData[e][t];return i||(i=this.aggregatedData[e][t]={params:n||{}},r&&(i.custom=r)),i}get(e,t){return t?this.aggregatedData[e]&&this.aggregatedData[e][t]:this.aggregatedData[e]}take(e){for(var t={},n=””,r=!1,i=0;it.max&&(t.max=e),e2&&void 0!==arguments[2])||arguments[2];super(e,n,I.t,r),c.il&&((0,t.OP)(e).initHidden=Boolean(“hidden”===document.visibilityState),(0,k.N)((()=>(0,s.p)(“docHidden”,[(0,h.z)()],void 0,I.t,this.ee)),!0),(0,T.bP)(“pagehide”,(()=>(0,s.p)(“winPagehide”,[(0,h.z)()],void 0,I.t,this.ee))),this.importAggregator())}}var P=i(3081);class S extends g{static featureName=P.t9;constructor(e,t){let n=!(arguments.length>2&&void 0!==arguments[2])||arguments[2];super(e,t,P.t9,n),this.importAggregator()}}new class{constructor(e){let t=arguments.length>1&&void 0!==arguments[1]?arguments[1]:(0,j.ky)(16);c._A?(this.agentIdentifier=t,this.sharedAggregator=new y({agentIdentifier:this.agentIdentifier}),this.features={},this.desiredFeatures=new Set(e.features||[]),this.desiredFeatures.add(v),Object.assign(this,(0,a.j)(this.agentIdentifier,e,e.loaderType||”agent”)),this.start()):(0,f.Z)(“Failed to initial the agent. Could not determine the runtime environment.”)}get config(){return{info:(0,t.C5)(this.agentIdentifier),init:(0,t.P_)(this.agentIdentifier),loader_config:(0,t.DL)(this.agentIdentifier),runtime:(0,t.OP)(this.agentIdentifier)}}start(){const t=”features”;try{const n=r(this.agentIdentifier),i=[…this.desiredFeatures];i.sort(((t,n)=>e.p[t.featureName]-e.p[n.featureName])),i.forEach((t=>{if(n[t.featureName]||t.featureName===e.D.pageViewEvent){const r=function(t){switch(t){case e.D.ajax:return[e.D.jserrors];case e.D.sessionTrace:return[e.D.ajax,e.D.pageViewEvent];case e.D.sessionReplay:return[e.D.sessionTrace];case e.D.pageViewTiming:return[e.D.pageViewEvent];default:return[]}}(t.featureName);r.every((e=>n[e]))||(0,f.Z)(“”.concat(t.featureName,” is enabled but one or more dependent features has been disabled (“).concat((0,E.P)(r),”). This may cause unintended consequences or missing data…”)),this.features[t.featureName]=new t(this.agentIdentifier,this.sharedAggregator)}})),(0,_.Qy)(this.agentIdentifier,this.features,t)}catch(e){(0,f.Z)(“Failed to initialize all enabled instrument classes (agent aborted) -“,e);for(const e in this.features)this.features[e].abortHandler?.();const n=(0,_.fP)();return delete n.initializedAgents[this.agentIdentifier]?.api,delete n.initializedAgents[this.agentIdentifier]?.[t],delete this.sharedAggregator,n.ee?.abort(),delete n.ee?.get(this.agentIdentifier),!1}}}({features:[v,N,S],loaderType:”lite”})})(),window.NRBA=o})();]]]]]]]]>]]]]]]>]]]]>]]> [] { if ([‘subscriber’, ‘prosubscriber’].includes(window.utag_data.user_type)) { return; } const delayParam = parseInt(window.localStorage.getItem(‘swg-call-delay’), 10); if (delayParam && (delayParam > Date.now())) { return; } // If GaaMetering is initiated, it would initiate the subscriptions behind the scene // https://github.com/subscriptions-project/swg-js/blob/main/src/utils/gaa.js if (!this.hasInitGaaMetering) { subscriptions.init(productID); this.getEntitlements(subscriptions, productID); } }); }, getEntitlements(subscriptions, productId) { subscriptions.getEntitlements() .then(window.__googleEA?.handleSwGEntitlement(productId)) .catch((err) => { console.error(`[SWG Entitlements Failed]: ${err}`); }); }, getHandleLoginPromise() { return new Promise(() => { window.GaaMetering?.getLoginPromise() .then(() => { const LOGIN_URL = { WSJ: ‘www.wsj.com/client/login’, BOL: ‘www.barrons.com/client/login’, FN: ‘www.dowjones.com/client/login’, MW: ‘www.marketwatch.com/client/login’, MG: ‘www.dowjones.com/client/login’ }; const prefix = envGoogleEA === ‘prod’ ? ” : ‘int.’; const baseUrl = LOGIN_URL[window.utag_data.page_site_product]; const loginUrl = `https://${prefix}${baseUrl}`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }); }); }, getRegisterUserPromise() { return new Promise(() => { window.GaaMetering?.getGaaUserPromise() .then((credential) => { window.__googleEA?._registerUser(credential); }); }); }, showPaywall() { const SHOP_URL = { prod: { WSJ: ‘https://subscribe.wsj.com?target=’, BOL: ‘https://subscribe.barrons.com?target=’, FN: ‘https://partner.fnlondon.com/p/1140300052/eligibility?mod=subscribe-google-ea&targetURL=’, MW: ‘https://subscribe.marketwatch.com?target=’ }, dev: { WSJ: ‘https://subscribe.wsj.com?target=’, BOL: ‘https://subscribe.barrons.com?target=’, FN: ‘https://partner.s.dev.fnlondon.com/p/p_fnlondon/eligibility/?mod=subscribe-google-ea&targetURL=’, MW: ‘https://subscribe.marketwatch.com?target=’ } }; const product = window.utag_data.page_site_product; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); window.location.href = `${(SHOP_URL[envGoogleEA] || SHOP_URL.dev)[product]}${encodeURIComponent(targetUrl)}`; }, handleSwGEntitlement(productId) { return (entitlements) => { if (!entitlements || !Array.isArray(entitlements.entitlements) || !entitlements.entitlements.length) { window.localStorage.setItem(‘swg-call-delay’, Date.now() + (60 * 60 * 1000)); return; } let subscriptionToken; for (const entitlement of entitlements.entitlements) { if ((entitlement.source === ‘google’) && (entitlement.products.includes(productId))) { subscriptionToken = entitlement.subscriptionToken; } } if (!subscriptionToken) { return; } const isCxdjExist = window.setInterval(() => { if (window.cxdj?.meta?.topDomain && window.cxdj?.displaySwgScrim) { window.cxdj.displaySwgScrim(); clearInterval(isCxdjExist); } }, 100); }; }, getAllowedReferrers() { const PRODUCT_DOMAIN = { WSJ: ‘wsj.com’, BOL: ‘barrons.com’, FN: ‘fnlondon.com’, MW: ‘marketwatch.com’, MG: ‘mansionglobal.com’ }; const LOGIN_URL = { WSJ: ‘accounts.wsj.com’, BOL: ‘accounts.barrons.com’, FN: ‘accounts.dowjones.com’, MW: ‘accounts.marketwatch.com’, MG: ‘accounts.dowjones.com’ }; const SHOP_URL = { prod: { WSJ: ‘subscribe.wsj.com’, BOL: ‘subscribe.barrons.com’, FN: ‘partner.fnlondon.com’, MW: ‘subscribe.marketwatch.com’ }, dev: { WSJ: ‘subscribe.wsj.com’, BOL: ‘subscribe.barrons.com’, FN: ‘partner.s.dev.fnlondon.com’, MW: ‘subscribe.marketwatch.com’ } }; const product = window.utag_data.page_site_product; const productHostNamePrefix = envGoogleEA === ‘prod’ ? ” : ‘s.dev.’; const productHostName = `www.${productHostNamePrefix}${PRODUCT_DOMAIN[product]}`; return [productHostName, LOGIN_URL[product], `${(SHOP_URL[envGoogleEA] || SHOP_URL.dev)[product]}`]; }, _registerUser(credential) { const PRODUCT_DOMAIN = { WSJ: ‘wsj’, BOL: ‘barrons’, FN: ‘fnlondon’, MW: ‘marketwatch’, MG: ‘mansionglobal’ }; const EDITION_ID = { WSJ: ‘WSJ-EN_US’, BOL: ‘BARRONS-EN_US’, FN: ‘EFN-EN_US’, MW: ‘MARKETWATCH-EN_US’, MG: ‘MG-EN_US’ }; const REGISTRATION_SOURCE = { WSJ: ‘WSJ’, BOL: ‘BARRONS’, FN: ‘EFN’, MW: ‘MARKETWATCH’, MG: ‘MG’ }; const LOGIN_URL = { WSJ: ‘accounts.wsj.com/auth’, BOL: ‘accounts.barrons.com/auth’, FN: ‘accounts.dowjones.com/auth/fn’, MW: ‘accounts.marketwatch.com/auth’ }; const pageSiteProduct = window.utag_data.page_site_product; const registerUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘s.dev.’; const registerBasedUrl = `https://register.${registerUrlPrefix}${PRODUCT_DOMAIN[pageSiteProduct]}.com`; const registerEndpoint = `${registerBasedUrl}/api/createSocialConnectUser`; const loginUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>

Skip to main content

Market Snapshot

Last Updated: July 21, 2023 at 4:32 p.m. ET First Published: July 21, 2023 at 5:18 a.m. ET

The test comes next week when mega-cap tech earnings and guidance may prove to be more important than the Fed meeting, says analyst

Getty Images/iStockphoto

[]U.S. stock indexes ended mixed on Friday in choppy trade, though the Dow Jones Industrial Average extended a winning streak to 10 days, while investors dealt with the monthly expiration of trillions of dollars of stock options and prepared for a major rebalancing of the Nasdaq-100 index on Monday ahead of the Federal Reserve’s July policy meeting next week.

What stock indexes performed

  • The Dow Jones Industrial Average DJIA, +0.01% gained 2.51 points, leaving it nearly flat, at 35,227.69
  • The S&P 500 SPX, +0.03% was up 1.47 points, or less than 0.1%, to end at 4,536.34
  • The Nasdaq Composite COMP, -0.22% lost 30.50 points, or 0.2%, to finish at 14,032.81.

[]The S&P 500 logged a 0.7% weekly gain, while the Dow industrials advanced 2.1% but the Nasdaq Composite declined by 0.6% for the week, according to Dow Jones Market Data.

What drove markets

[]The Dow Jones Industrial Average Friday rose for a 10th straight session to log its longest winning streak since August 7, 2017, according to Dow Jones Market Data.

[]The “catch-up” rally in the Dow industrials has occurred in spite of sporadic weakness in market-leading technology shares over the past couple of weeks.

[]Tavi Costa, portfolio manager at Crescat, told MarketWatch in an interview that the recent pullback in technology shares is an early sign of a rotation to value from richly valued growth names.

[]“I think we’re seeing the beginning of potentially a larger move to the downside that will be driven by tech and megacap stocks,” Costa said.

[]See: Tesla and Netflix shares face several weeks of weakness, stock charts warn

[]Barring a sizable selloff, most U.S. stock indexes finished higher this week, even as individual stocks at times responded poorly to results from companies like Netflix NFLX, -2.27%, Taiwan Semiconductor Manufacturing TSM, -0.62%, Tesla TSLA, -1.10% and IBM IBM, +0.40%.

[]Corporate earnings reports for the second quarter have been mixed so far. With 18% of S&P 500 companies reporting actual results, about 75% of which have already reported exceeding analysts’ expectations, according to FactSet data, though overall earnings are likely to fall for the third quarter in a row. The fourth quarter last year saw profits down 4.7%, the first quarter this year saw a fall of 2.0%, and the current quarter is forecast to see earnings fall 9.6%.

[]“The bears were finally able to find some solace in the market’s reaction to Tesla’s earnings, and again Netflix, although their numbers certainly weren’t dire. It was that the market wasn’t going to reward Tesla’s softer opening margins or that prices would be cut again during ‘turbulent times,’” said Quincy Krosby, chief global strategist at LPL Financial.

[]“The current market is priced for perfection. When a company comes out, beats, and guides higher, it still can go down if there are any concerns or worries,” said Louis Navellier, the chairman and founder of Navellier & Associates, pointing to Tesla’s results in particular.

[]“There also seems to be a little anxiety on some of the top tech stocks as they are going to get a haircut on Monday on the Nasdaq realignment,” added Navellier. Nvidia NVDA, -2.66% and Microsoft MSFT, -0.89% are the most affected by the Nasdaq rebalancing.

[]Navellier was referring to the Nasdaq-100 index rebalancing, which will take place Friday after the close and be effective for Monday’s open, as well as the expiration on Friday of some $2.3 trillion of U.S.-listed options.

[]See: Nasdaq rebalancing is coming, and it’s boosting interest in Friday’s $2.3 trillion option expiration

[]“When there are a lot of positions out there that need to be readjusted, you could see some of that movement flow into the stock market. These days there are a lot of people speculating on options, open interest is higher than usual,” said Callie Cox, U.S. investment analyst at eToro, during a phone interview with MarketWatch.

[]“On option expiration days, you need to be on guard for bigger moves, there’s a lot happening below the surface,” she added.

[]“Given the volume of stock, we expect there to be for sale in the top-heavy Nasdaq 100, coupled with the performance of these mega cap tech names in 2023, there’s a chance we could see some exacerbated downside moves along with elevated volatility for most of Friday’s trading session,” said Greg Bassuk, chief executive officer at AXS Investments.

[]See: Everyone thinks the Fed’s rate hike next week will be the final one — except the Fed

[]Financial-market investors fully expect the Fed to raise interest rates again after next week’s policy meeting, but then take a long pause until the November meeting, and Fed chair Jerome Powell’s comments next Wednesday may even suggest that the July 26 move is a “one and done.” The Fed will meet next Tuesday and Wednesday. The central bankers will release a policy statement announcing their decision Wednesday at 2 p.m. Eastern, while Powell will hold a press conference at 2:30 p.m..

[]However, market analysts think next week’s mega-cap technology company earnings and guidance may prove to be even more important than the Fed meeting.

[]“If the bears have their way next week, with company specific weakness disciplined by the market, they will have declared victory that rich mega-tech valuations have been priced for perfection that even an adoring market can’t reward,” said Krosby.

Companies in focus

  • Dow component American Express AXP, -3.89% ended 3.9% lower on Friday after reporting net income of $2.17 billion, or $2.89 a share, compared with $1.96 billion, or $2.57 a share, in the year-earlier quarter. Analysts tracked by FactSet were looking for $2.81 a share.
  • AutoNation Inc.’s stock  AN, -12.33% dropped 12.3% after the new and used car retailer posted better-than-expected second-quarter earnings. 
  • Shares of Regions Financial Corp.  RF, -3.10% were 3.1% lower after reporting Friday second-quarter profit that was in line with expectations as revenue rose slightly above views, and as deposits dropped more than 8%. 
  • CSX Corp CSX, -3.71% shares fell 3.7% after the railroad operator reported second-quarter sales that missed expectations, dragged by lower fuel and coal prices and weaker shipping volumes.
  • Schlumberger Ltd.  SLB, -2.18%  shares shed 2.2% Friday, after the oil driller reported second-quarter profit that topped expectations but revenue that came up a bit short.

[] Steve Goldstein contributed

Wall Street’s most AI-enthusiastic bank delivers machine-generated research notes

[]JPMorgan has been wading into artificial intelligence to a greater extent than its rivals and is now producing research notes that are AI-generated.

[]Isabel Wang is a Markets Reporter for MarketWatch.

[]Joseph Adinolfi is a markets reporter at MarketWatch.

--> More stuff could go in this aside column

No Recent Tickers

[]Visit a quote page and your recently viewed tickers will be displayed here.

[]

[] No results found

{ // If Dianomi is disabled by user, add ‘generic’ style hiding anything // with a j-dianomi-content class. Allows for cleanup of things like headers // on bottom of home/section pages and borders on MoreHeadlines of quote page const css = ‘.j-dianomi-content { display: none !important; }’; const styleEl = document.createElement(‘style’); styleEl.type = ‘text/css’; styleEl.appendChild(document.createTextNode(css)); document.head.appendChild(styleEl); } const checkDianomiVendor = () => { if (typeof __ace !== ‘undefined’) { // To get Dianomi Vendor Id (or any vendor Id) do following from Console of Marketwatch.com // console.table(__ace(‘djcmp’, ‘getAllVendors’, [])) __ace(‘djcmp’, ‘customVendorIsEnabled’, [‘5fdc7a2fa2286360b24ef388’, (isVendorEnabled) => { if (isVendorEnabled) { loadDianomiScript(); } else { addDianomiDisabledStyles(); } }]); } } // Wait for CMP to finish loading before checking if Dianomi is disabled if (typeof __ace !== ‘undefined’) { __ace(‘djcmp’, ‘executeOnCmpReady’, [{ cb: checkDianomiVendor }]); } }()); ]]]]]]]]>]]]]]]>]]]]>]]>


Source

Leave a Reply

Your email address will not be published. Required fields are marked *