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AbbVie Inc (NYSE: ABBV) stock gained around 2.5
percent after the biopharmaceutical company reported fourth quarter results. AbbVie said it earned $1.48 per share in the quarter
on revenue of $7.739 billion, while Wall Street analysts were expecting the company to earn $1.44 per share on revenue of $7.53
billion.
Market Vectors Semiconductor ETF (NYSE: SMH), the
exchange traded fund which tracks the performance of the Semiconductor 25 Index, will be closely watched. Perhaps the most notable
component in the group, Intel Corporation (NASDAQ: INTC) traded above its 52-week high of $47.65 in reaction to a top-and-bottom line
earnings beat.
Starbucks Corporation (NASDAQ: SBUX) lost more
than 5 percent despite the coffee and food retailer reporting an encouraging fiscal first quarter
earnings report. Starbucks said it earned 65 cents per share in the quarter on revenue of $6 billion, while Wall Street analysts
were expecting the company to earn 57 cents per share on revenue of $6.18 billion.
Nike Inc (NYSE: NKE) gained more than 1 percent after
reports suggested notable activist investor Bill Ackman has been building a stake in the company throughout 2017. A Bloomberg
report suggested Ackman's stake in the apparel and sportswear company is passive.
Sharing Economy International Inc (NASDAQ: SEII)
was trading higher by nearly 3 percent. The China-based company has been active
in growing its exposure to blockchain technologies and announced Friday it will partner with Business Office Operation Limited
to jointly develop online-to-offline (O20) sharing workspace solutions.
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For January 26, 2018
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