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| Dow, Nasdaq, and S&P by closing time (5:16pm ET) |
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| Dow and Nasdaq throughout trading hours (4:33pm ET) |
- Dow closed higher than yesterday, Nasdaq closed lower and S&P remained the same as yesterday.
- All three indexes faced an huge crash today morning, and while Dow and S&P managed to recover from this crash, Nasdaq couldn't fully recover.
- Oil prices continued to drop; it dropped below $37 per barrel today.
- $36.88 per barrel (6:41pm ET)
U.S. and International Economy
- If Britain decides to exit the E.U. (Brexit), then it would cost more for British travelers to travel among European air than it is right now.
- Although China is facing its slowest growth in 25 years, the government is holding back from intervening to the market to improve its growth. As long as there aren't any major domestic/international economic crisis, the Chinese government would not interfere with their market.
- The number of active oil and natural gas rigs inside the U.S. has plunged to the lowest level since 1949. This is a response to the plunging oil prices that has been going on since last year.
Individual Analysis
- Valeant Pharmaceuticals (VRX) plunged more than 50% (51.46%) today as the company could possibly go into a default.
- Apple (AAPL) stocks jumped 2% as tracking information reveals that they may have sold 57 million units in the March quarter, which is far beyond the expected 50 million units.
- Hewlett Packard (HPE) stocks surged 2% as Wells Fargo notes that they could benefit from divestitures.
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