Financial Review

May Day

Informações:

Synopsis

…Stocks still in correction territory. Apple beats. Facebook matches and will clear history. Tariff exemptions extended, maybe sorta. ISM manufacturing dips. Home price jump. Gibson BK. #redforEd Day 4. Financial Review by Sinclair Noe for 05-01-2018 DOW – 64 = 24,099 SPX + 6 = 2654 NAS + 64 = 7130 RUT + 8 = 1550 10 Y + .04 = 2.98 OIL – 1.12 = 67.45 GOLD – 11.30 = 1304.60   Stocks cratered in early trading then moved higher into the close; enough for the Nasdaq to post a solid gain, although the Dow Industrials still closed in the red.  The S&P 500 and the Dow slipped into correction territory back on February 8 ( a correction being a decline of 10% or more from recent highs). As of Tuesday, the S&P 500 index is off about 8.5% from its recent peak, while the Dow is 10.4% shy of its late-January record, and the Nasdaq Composite is off 7.7% from its recent record, put in on March 12. The Nasdaq is not in correction territory. While it fell more than 10% from its peak on an intraday basis, it hasn’t closed below