“Downturn” – Vista Partners Daily Market Recap 11/13/2018
While the market stayed positive for most of Tuesday, it took an abrupt downturn around midday and wiped out most of the gains that Nasdaq had made and drove the S&P 500 and the Dow into the red. When all was said and done, the Nasdaq came out on top with a gain of 0.02% (1.48 points) while the S&P 500 lost 0.30% (8.04 points) and the Dow dropped 0.65% (164.58 points).
Many of the components of the Dow saw little change from their opening price as trade ended. Exxon Mobil (XOM), though, saw shares drop 2.29%. Boeing (BA) wasn’t far behind with losses of 2.10%. It wasn’t all bad news though, as Intel (INTC) had gains of 1.59%.
Apart from the Dow, Atossa Genetics (ATOS) had a very good day as it soared to an increase of 7.50%.
Crude oil continued its decline today, marking the twelfth straight session it has seen losses and the longest losing streak it has ever seen. On the other hand, natural gas was doing quite well as it rose 8% by the end of trading.
The big news from Amazon (AMZN) today was that it officially announced what had been suspected for some time: it will be opening two new headquarters in New York and Northern Virginia that should create around 50,000 new jobs. Jeff Bezos, Amazon CEO, said, “These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come.”
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