 |
| Dow, Nasdaq, and S&P by closing time (5:16pm ET) |
 |
| Dow and Nasdaq throughout trading hours (4:38pm ET) |
- Dow and S&P closed higher than yesterday, and Nasdaq closed lower than yesterday.
- All three indexes were unstable throughout trading hours, and it gradually increased until middle of the day and then started declining until closing hours.
- Although Nasdaq closed lower than yesterday, it wasn't a major crash.
- Oil continued to stay around $41 per barrel
- $41.36 per barrel (6:12pm ET)
International/U.S. Economy
- Permex, Mexico's state owned giant oil company is suffering from cheap oil prices. The situation is so bad that the Mexican government had to spend $4.4 billion to aid the company.
- While oil prices were a consistent issue throughout 2016, investors are concentrating on the meeting between World's major oil producers at Doha. Producers would have to choose if they will freeze oil production or not, and depending on the decision, the oil price would continue to rise or dramatically decline.
- The number of application for H-1B visa, or visa for highly-skilled foreigners, have reached a new record of 236,000. This is 3000 more than 2015, and significantly more than 172,500 of 2014.
Individual Analysis
- Seagate Technology PLC (STX), a company that manufactures hard discs for computers, plunged 20.10% today as they released their preliminary third-quarter results which lowered expectations for both revenue and gross margin.
- Chipotle (CMG) stocks rose 2.55% today. Different factors were involved, including the company's different efforts to bring back customers and their stocks being upgraded by JPMorgan.
- As oil stocks continue to recover, stocks related with oil production are inclining. Exxon Mobil (XOM) rose 0.71% today and rose 3.71% for the last five days.
No comments:
Post a Comment