Thursday, March 3, 2016

Today's Stock Market (2016.03.03)

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

  • Continuing from yesterday, all three indexes remain unstable throughout the day.
    • However, after a small crash in the middle of the day, the indexes steadily recovered and managed to finish higher than yesterday.
  • Oil prices continue to remain over $34 per barrel
    • $34.70 per barrel (6:44pm ET)
International Market
  • Brazil is suffering major economic crash; their data indicated that their economy shrank 3.8% in 2015. This is the biggest annual drop since 1990 and the country is in its longest recession since the 1930s.
  • Although Goldman Sachs and IMF warned Britain about leaving the E.U., more than 200 small businesses called on their government to leave E.U.
  • Zimbabwe has shut down all of their Diamond mines. They are trying to regain control of their diamond mines. However, companies are protesting against this decision and they are going to court to stop or at least negotiate about this problem.
Individual Analysis
  • Chipotle (CMG)'s stock has finally stopped falling since the outbreak of E.Coli bacteria within their food. However, their stock prices are still lower than their all time high since last summer.
  • Amazon (AMZN)'s price is recovering back from their major crash. Their stocks surged 4.8% at Tuesday, and it continued to secure their price.
  • IBM (IBM)'s stock also continued to surge since Tuesday. Their stocks closed 1.1% higher than yesterday.

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