Tuesday, March 1, 2016

Today's Stock Market (2016.03.01)

Daily Analysis
Dow, Nasdaq, and S&P by closing time (5:16pm ET)
Dow and Nasdaq throughout the day (5:16pm ET)

  • All three indexes increased drastically compared to yesterday
    • Throughout the trading hours, all three indexes increased consistently without any sudden crashes
      • Dow popped 349 points today, making its second best day of the year
      • Nasdaq had its best day of 2016 with a 2.9% gain
    • This is because it was Super Tuesday (13 states voted for their favorite presidential nominee) today
  • Oil price rises up to $34 per barrel
    • $34.05 per barrel (11:03pm ET)
International economy
  • China's economy is continuing to show signs of decline, but investors aren't really caring as the U.S. market started to recover today
  • Oil has finally stopped crashing; the oil price had a incredible spike of 32% as it climbed backed to $34 per barrel.
    • OPEC and other producers like Russia has agreed to a tentative deal on 2/17 to freeze output.
Individual Analysis
  • Lego, the famous block toy maker, has posted a 25% jump in revenue and 31% rise in net profits in 2015 due to the new Star Wars series and other products.
  • Rolce Royce has unveiled their new lineup of Ghost and Wraith. Both cars have a new design which are targeted towards the younger rich people.

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