Stocks rally, set to cap another week of gains in the S&P 500 (^GSPC), Dow Industrials (^DJI) and NASDAQ Composite (^IXIC). Plus, is Wall Street finally souring on guns? Rob Cox of Reuters Breakingviews, who has been all over this story for years, is here to discuss. And, who spelled Hewlett Packard wrong on his job application and still went on to be a multi-billionaire in Silicon Valley? We’ll reveal the big name. Plus a look ahead to everything you need to know about next week — a big one for Fed Watchers. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Myles Udland and Julia LaRoche.
Winners and losers
HP Enterprise (HPE) shares are climbing, as the cloud computing and data center company reported a wide earnings beat, seeing growth in revenue from its servers and networking units. Micron (MU), one of the top movers on the NASDAQ, is up big as the chip rebound continues. Buffalo Blue Pet Products (BUFF) shares are up after General Mills (GIS), the Cheerios maker, announced it is buying the pet food brand for $40 a share, or $8 billion.
And on the other side of that deal, General Mills, the acquirer, is falling on the buyout news. Wingstop (WING) shares are dropping, as the chicken wing chain beat on earnings and revenue, but guidance missed Street estimates. American Outdoor Brands (AOBC), formerly Smith and Wesson, is heading lower, as the gunmaker faces pressure following last week’s shooting at a Florida high school that killed 17 people.