The Dow closed at 24,345.72 – down 288.14 The Nasdaq closed at 8,889.55 – down 25.16 The S & P 500 closed at 2,912.43 – down 27.08 The Russell 2000 closed at 1,310.66 – down 50.10 Oil prices show signs that the global economy is moving towards a slow reopening, and inventory data shows storageContinue reading “market wrap 04.30.20”
Monthly Archives: April 2020
market wrap 04.29.20
The Dow closed at 24,633.86 – up 532.31 The Nasdaq closed at 8,914.71 – up 306.98
market wrap 04.28.20
The Dow closed at 24,101.55 – down 32.23 The Nasdaq closed at 8,607.73 – down 122.43 The S & P 500 closed at 2,863.39 – down 15.09 The Russell 2000 closed at 1,298.08 – up 16.20 Goldman Sachs listed five reasons investors should add exposure to energy stocks.
market wrap 04.27.20
The Dow closed at 24,133.78 – up 358.51 The Nasdaq closed at 8,730.16 – up 95.64 The S & P 500 closed at 2,878.48 – up 41.74 The Russell 2000 closed at 1,281.88 – up 48.82
low oil hit
Pressure to reduce oil production increased. Major producers’ GDP is built upon oil. Iran has oil at 65% of its GDP. Kuwait, which has already lowered production, is at 60% of its GDP. Saudi Arabia at 50%. Saudi Arabia assumed $60 per barrel when outlining its 2020 budget. Shortfalls of cash are going to hurtContinue reading “low oil hit”
market wrap 04.24.20
The Dow closed at 23,775.27 – up 260.01 The Nasdaq closed at 8,634.52 – up 139.77 DraftKings Trading The S & P 500 closed at 2,836.74 – up 38.94 The Russell 2000 closed at 1,233.05 Taylor Swift disowns “her” live album.