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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) |
- All three indexes finished higher than yesterday.
- All three indexes were steadily inclining throughout the day, and they continued its rise from yesterday.
- Oil price jumped up to $40 per barrel today
- $40.34 per barrel (5:05pm ET)
International/U.S. Economy
- As oil price rebounds to $40 per barrel and U.S. economy continues to improve, the Dow has finally turned positive today. Dow has recovered around 2000 points since the start of the year.
- The Irish economy is booming. Their economy has grown 7% since last year, and despite the financial crisis and the great recession that they had to face, their economy is growing rapidly.
- It turns out that labor price at China isn't that cheap compared to the U.S. According to Oxford Economics, the average labor costs of China is only 4% cheaper than U.S. labor costs.
Individual Analysis
- Fedex (FDX) stocks surged 11.83% as they released their third quarter earnings report with good performances. The company's revenue increased 9% to 12.7 billion, and they showed earning of $2.51 per share, which was far better the expectation of $2.34 per share.
- Energy stocks are continuing to rise as oil rebounds to $40 per barrel. Chesapeake energy (CHK) rose 9.11% today, and Exxon Mobil (XOM) rose 1.48%.
- Chipotle (CMG) stocks were downgraded from "hold" to "underperform" by Jefferies as it's performance continued to decline due to the outbreak of E.Coli. Chipotle stocks declined 5.75% today during trading hours.
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