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| Dow, Nasdaq, and S&P by the end of market (5:15pm ET) |
- Overall market was on decline today, and it ended low compared to yesterday.
- Oil price plunges below $30, bringing overall downfall to market
- $29.68 per barrel (5:15pm ET)
- 10 year yield dropped -0.1%
World Economy
- As oil price fails to recover and maintains its low price, the economy of oil producing countries and OPEC are crumbling constantly
- British pound plunges to its lowest level in nearly six years, and European Euro also dropped value
- Australian Dollar also dropped greatly in value (-0.38%)
Individual Analysis
- Due to the drop on oil prices, ExxonMobil's credit rating, which was higher than the United States Government, may drop from AAA.
- Chipotle's earnings plunged after the E.Coli scare, which hospitalized 22 people. It seems like this quarter might be their most challenging quarter.
- Amazon stock continued to plunge, and it dropped -3.95% from yesterday.
- Facebook continues to secure their rise, and they are still around their 52wk high.
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