The traditional stock market has performed against the predictions of some of the world’s top investment funds. During the start of 2019, financial institutions predicted that stock markets will see a major downturn. However, to their surprise, the Dow Jones surged 18% year-to-date nearing its all-time high.Similarly, the S&P 500 has given over 24% returns so far this year. With this performance, 2019 is likely to turn out as the second-best performing year in a decade, in terms of annual...
Read More »Dow Jones Loses Nearly 270 Points as Manufacturing Data and Trade Wars Worsen
On Monday, December 2, there was palpable disappointment in the finance atmosphere as the U.S. stock market’s major indexes, including Dow, saw a sharp fall, the largest 24-hour loss in the last eight weeks. The loss has left quite a number of investors rattled as some believe that it might be an important factor in deciding how well or poorly the general stock market will end 2019.For specifics, the Dow Jones Industrial Average (DJIA) ended the day at 27,783.04 points, losing 268.37, a 0.9%...
Read More »Dow Jones Industrial Average Climbs above $28000 in New Milestone but Bitcoin Disappoints
Traditional markets and indexes are currently hitting new records. In one such first-ever milestone, the Dow Jones Industrial Average rallied to a record 28,000 plus levels on Friday. The rally comes amidst waning tensions in the U.S.-China trade war with the hope of reaching a trade deal between the two economic powerhouses.On Friday, November 15, Dow Jones’s 30-stock average climbed 222.93 points at 28,004. In just the last four months, the Dow Jones price index has surged by 1000 points....
Read More »S&P 500 Sets New Record High as Market Anticipates Resolution of US-China Trade Dispute
Photo: QuoteInspectorPeople who are invested in the stock market are currently counting interesting gains as there has been commendable growth in the major stock market indices. On Monday, the S&P 500 increased by 0.7% and successfully set a new record at 3,039.42, beating out the previous record of 3,027.98 which was set a few months ago on July 26.This increase was also seen elsewhere, as the Nasdaq Composite rose by 1% to hit 8,325.99, about 0.5% less than its own record highs. The...
Read More »Apple (AAPL) Stock Sets New All-Time High with a Market Cap of $1.04 Trillion
Apple Inc. (AAPL) has had a great year in the stock market and all sentiments point to the possibility of even further improvement in the coming weeks. Already, AAPL has been crowned the best performing stock on the Dow Jones Industrial Average (DIJA) so far, as it has recorded YTD growth of over 43%. On Oct. 10, prices slightly crossed $230, setting a new dividend-adjusted all-time high and cemented a new market cap of $1.04 trillion.One of the biggest drivers for AAPL’s impressive drive is...
Read More »FedEx (FDX) Stock Tanks As Earnings Fail to Meet Projected Expectation
Things aren’t so great in the FedEx camp at the moment as the express shipping and logistics firm fell short of expectations on Wall Street for its first fiscal quarter of the year, which ended in August. This has led the firm to also lower its general expectations for its possible earnings for next year to between $10 and $12 in earnings per share. Due to this, FedEx stock’s (FDX) after-hours trading fell more than 9%.Based on the report posted for the quarter, the company reportedly pulled...
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