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| Dow, Nasdaq, and S&P by closing time (5:16pm ET) |
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| Dow and Nasdaq throughout trading day (5:16pm ET) |
- All three indexes inclined consistently throughout the day
- Dow soared up 200 points today morning, continuing the winning streak from last week.
- Oil price slightly rises over $30 per barrel
- $31.48 per barrel (6:08pm ET)
International Market
- It turns out that even OPEC had not expected the plunge in oil price that occurred recently. This has squeezed investment in the industry to the weakest levels in 30 years.
- Capital expenditure on global oil exploration is expected to fall 17% in 2016, following the 24% drop in 2015.
- Puerto Rican government has announced its 2nd default in history around January; Puerto Rica owes $73 billion in debt and they owe $1billion to their creditors. The crisis has not been solved, and people are still waiting to get their money back.
Individual Analysis
- Amazon (AMZN) has experienced a 4.6% growth during trading hours as market soared today. It may be a good idea to buy Amazon's stock, considering that they are very steady and they are starting to recover from last month's plunge.
- Tesla (TSLA) has also experienced a 6.7% growth during trading hours. Due to today's rise, Tesla's stock has rose over 25% since it hit its low on 02.09.2016
- Alcoa (AA), an company that engineers lightweight metals such as aluminum, titanium, and nickel, has surged over 13% during the trading hours as Aluminum prices also rose today.
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