Financial Review
Down on Trade
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:12:58
- More information
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Synopsis
…PPI mild. Retail sales slip. Inventories tighten. China talks retaliation. Theranos fraud. Equifax insider busted. Ford recall Toys R Us closing. Groceries delivered. Happy Pi Day. Financial Review by Sinclair Noe for 03-14-2018 DOW – 248 = 24,758 SPX – 15 = 2749 NAS – 14 = 7496 RUT – 7 = 1584 10 Y – .03 = 2.82% OIL + .22 = 60.93 GOLD – 1.70 = 1325.20 Stocks started the session slightly higher, following some fairly benign economic reports. In afternoon trading, the Dow dropped more than 300 points. The Nasdaq wavered between positive and negative. The Nasdaq Composite Index returned to record levels earlier this week, erasing all the losses it suffered in a recent decline. On an inflation-adjusted basis, the Nasdaq’s recent peak allowed it to finally surpass 5,048, the record it touched at the top of the dot-com bubble in March 2000. It hit that milestone in late February and subsequently exceeded it, though it has since pulled back a bit. Adjusted for inflation, the Nasdaq is only 2.0% above the peak i