Stocks may be back near all-time highs, but traders were barely paying attention to the market Friday afternoon.
They took a break and turned their attention to T.J. Oshie and the rest of the U.S. men's Olympic hockey team, as they faced off against Canada in the semi-finals. Though the game resulted in a 1-0 victory for the Canadians, Americans were hopeful that Team U.S.A. would defeat its biggest rival.
The teams have gone head to head 18 times during the Winter Olympics, more than any other two nations. And for the U.S. team, the history has been painful. During the last Winter Olympics in Vancouver, Sidney Crosby's overtime goal gave the Canadians a gold medal win over their North American neighbors. (Neighbours?)
The last time the Americans won the gold was in 1980, when the U.S. defeated the Soviet Union in the "Miracle on Ice" and then went on to win their final match against Finland.
While the Americans and Canadians are teammates in the NHL, it's all about national pride during the Olympics. And Friday's semi-final match was even more crucial after the U.S. women's team's heartbreaking loss to Canada on Thursday for the Olympic title.
With so much pride on the line, Wall Street traders -- who are usually talking markets all day on Twitter -- were instead chatting about the game, which began at noon on the East Coast.
Sal Arnuk, partner at Themis Trading, admitted he was watching the game and that he was also keeping an eye on tweets from Mark Cuban.
Leigh Drogen, founder of Estimize, was also focused on the match, tweeting his observations every few minutes.
Americans look nervous, holding sticks too tight, safe is death against a team this talented, gotta take more chances in Canadian end—
Leigh Drogen (@LDrogen) February 21, 2014
Americans are not gonna win this game playing defense the whole time, too little puck possession on this big ice—
Leigh Drogen (@LDrogen) February 21, 2014
Michael Antonelli, an equity sales trader at Robert W. Baird & Co., joked that his day was over and was also commenting on the game.
olympic hockey is incredible. Why can't the NHL capture this kind of excitement? (outside of playoffs I guess)—
Michael Antonelli (@BullandBaird) February 21, 2014
DailyFX currency analyst John Kicklighter quipped that the hockey game was the only reason for interest in the exchange rate between the U.S. and Canadian dollars.
This Hockey game is going to be the FX market's peak interest in USDCAD for a long time—
John Kicklighter (@JohnKicklighter) February 21, 2014
Canada scored in the second period and the U.S. failed to counter. Canada fan and hockey buff Keith McCullough, CEO of Hedgeye Risk Management, had a simple tweet about moving on to the gold medal match against Sweden for the gold medal on Sunday (McCullough had tried to buy the Phoenix -- and soon to be Arizona -- Coyotes hockey team.)
Keith McCullough (@KeithMcCullough) February 21, 2014
Tesla shares (TSLA) made a run at record highs early Friday in a burst of optimism following an upgrade by Deutsche Bank.
But the stock struggled to hold the $130 level as the morning wore on, sparking a debate on StockTwits over how much the electric car maker is worth.
The sky's the limit, say the bulls.
$TSLA so the only question is... all time high before of after lunch? MORE
Facebook shares rallied an impressive 30% Thursday, allowing the stock to book its best one-day gain ever. And while shares remain about 10% below the May 2012 IPO price of $38, analysts are predicting that Facebook is finally on its way to reaching, and even crossing, that threshold.
"Facebook delivered its strongest quarter yet as a public company -- results that we think could be thesis-changing for many," said Doug Anmuth, a MOREHibah Yousuf - Jul 25, 2013 4:03 PM ET
You know times must be tough when McDonald's says consumers are struggling. But are diners really too stretched for the Dollar Menu, or is there something else going on?
The fast food giant said Monday that global sales and earnings rose in the second quarter, though profits fell short of analysts' expectations.
McDonald's warned that sales will be "relatively flat" in July and that results will be "challenged" in the second half MOREBen Rooney - Jul 22, 2013 2:12 PM ET
Gold prices were hit hard in the global market rout that followed Ben Bernanke's latest press conference.
Gold futures fell 6.4% to settle at $1,285.9 an ounce -- its lowest level since September 2010.
The drop extended an ongoing sell-off in the precious metal as investors prepare for an end of the Federal Reserve's stimulus policies, which Bernanke said could begin later this year and culminate in 2014.
Of course, he also said MOREBen Rooney - Jun 20, 2013 2:53 PM ET
The Dow Jones industrial average has posted gains every Tuesday for the past 20 weeks.
That makes it the longest winning streak for any day of the week since 1900, according to Ryan Detrick, chief technical analyst at Schaeffer's Investment Research. The previous record was 13 (a three-way tie between Monday, Wednesday and Friday).
The bulk of the Dow's (DJIA) gains this year were reached on Tuesdays. Detrick said the index has MOREBen Rooney - Jun 4, 2013 6:55 AM ET
Another one of Jamie Dimon's key executives is leaving JPMorgan Chase, the firm announced Sunday.
Frank Bisignano, co-chief operating officer along with Matt Zames, is leaving the bank to run First Data Corp., a payments processing company owned by private equity firm KKR. Zames, who now appears to be the clear frontrunner to lead JPMorgan (JPM) when Dimon retires, will be the sole COO of the bank.
Related: What could cause the next MOREHibah Yousuf - Apr 28, 2013 4:15 PM ET
Wall Street is turning its back on gold.
Both Goldman Sachs and Deutsche Bank lowered their year-end forecast for the precious metal this week, citing an improving U.S. economy.
Goldman slashed its target to $1,545 per ounce for 2013, down from its previously estimate of $1,610. The bank also lowered its outlook for 2014 to $1,350 an ounce, down from an earlier forecast of $1,490.
Meanwhile, Deutsche Bank reduced its year-end forecast MOREHibah Yousuf - Apr 10, 2013 2:06 PM ET
The great rotation in the technology sector continues.
Google (GOOG) shares are trading at record highs above $800, while Apple (AAPL) continues to plumb new lows.
Apple's fall from grace isn't directly related to Google's new-found darling status, but the trend is a significant turnabout.
Once the most valuable company on earth, Apple's stock has fallen 42%, dropping from an all-time trading high of $705 in September to a new 52-week low of $419 on MOREMar 5, 2013 12:48 PM ET
It's that time of year again. Most of the nation's big banks have disclosed how much chief executives earned in 2012. While some had their compensation cut, others received hefty raises.
One caveat: Wells Fargo (WFC) CEO John Stumpf, who received $17.6 million in total compensation in 2011, is not on the list. Wells has not yet disclosed Stumpf's 2012 compensation.
Lloyd Blankfein: $21 million
The CEO of Goldman MOREBen Rooney - Feb 25, 2013 5:26 AM ET
Not a member yet?Sign up now for a free account
|The Deep Web you don't know about|
|AT&T cuts prices again|
|Pizza chain Sbarro files for bankruptcy|
|Invest $1 million, try for a U.S. green card|
|"True Detective" season finale crashes HBO Go site|