Today's Stock Market (2016.03.14)

Daily Analysis

Dow, Nasdaq, and S&P by closing time (5:16pm ET)

Dow and Nasdaq throughout trading hours (4:40pm ET)

• Dow and Nasdaq barely finished higher than last time, and S&P finished lower than last time.

• All three indexes were very unstable throughout the day today, going through couple small crashes.

• Oil price drops to $37 per barrel

• $37.31 per barrel (7:33pm ET)

International Economy

• Latest oil market data revealed that Saudi Arabia and Russia pumped out more oil despite the the talk about limiting oil supplies. 

• Other countries like Iran are also pumping up more oil now.

• As China's economy continues to slow down, the global shipping industry was also hit hard due to these concerns.

• Iranian government stated that they are not concerned about U.S. oil companies pumping out more oil from their country; Iran is facing a huge rebound following its important nuclear deal with global powers.

Individual Analysis

• Tesla (TSLA)'s stock surged 3.69% as their company ratings from RW Baird is upgraded from neutral to outperforming.

• Starwood Hotels & Resorts (HOT) rose 7.82% as Chinese insurance group Anbang made a $12.8 billion non binding cash offer for them.

• Energy stock shares are plunging as the future for oil price seems to be dark. Southwestern Energy (SWN) stock shares dropped 6.75% today, and Chesapeake Energy (CHK) plunged 6.81% today.