Friday, March 18, 2016

Today's Stock Market (2016.03.18)

Daily Analysis
Dow, Nasdaq, and S&P by closing time (4:01pm ET)
Dow and Nasdaq throughout trading hours (4:01pm ET)

  • All three indexes finished higher than yesterday
    • Indexes were slightly unstable throughout the day, but it didn't experience any sudden crashes or inclines.
  • Oil price slightly dropped under $40 per barrel
    • $39.33 per barrel (3:34pm ET)

International/U.S. Economy

  • According to the London School of Economics, if Britain decides to leave the E.U. (Brexit), then it would cut the average household income by $1232 per year.
    • This would happen because when Britain exits E.U., then income from trading would decrease.
  • While other Latin American countries are suffering from depression, Peru is having a great time. The country's economy grew 3.3%, which is the highest among Latin American Countries.
  • While the NCAA Brackets are going on, it turns out that the amount of money that Americans would spend for this would be massive. According to the American Gaming Association, Americans would use around $9.2 billion for the NCAA brackets this year.
Individual Analysis
  • Valeant Pharmaceuticals (VRX) continued crashing since last Tuesday when the company showed signs of default. At Tuesday the company's stock crashed more than 50%, and it crashed 9.2% today despite the CEO's Bankruptcy assurances.
  • Tesla Motors (TSLA) continued rising throughout the week as oil prices continued to rebound. It rose 2.81% today.
  • Amazon (AMZN) stocks continued to decline since Wednesday. Today it declined 1.31%. One of its reasons is because Apple (AAPL) decided to use Alphabet/Google (GOOGL)'s cloud platform instead of Amazon's web server.

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