The Nasdaq plummeted 0.9% yesterday on reports China would expand its iPhone ban to include government-backed agencies. Equities sank overseas, with the Japanese Nikkei dropping more than 1%. Natural gas futures jumped 1.5% on the beginning of a partial strike at two major Australian liquefied natural gas facilities. For the week, the Dow lost 0.8%, the S&P 500 fell 1.3%, and the Nasdaq lost 1.9%.Īpple ( AAPL) rose 0.4%, recovering a fraction of the $190 billion in market capitalization it lost over the last two days after China banned government officials from using iPhones at work. The Dow Jones Industrial Average led the indexes today, rising 0.2%, while the S&P 500 and the Nasdaq gained 0.1%. Still, all three major indexes ended the week lower as oil prices rose, labor market data came in stronger than expected, and China shocked markets with its iPhone ban. The Nasdaq and S&P 500 closed slightly higher Friday, narrowly avoiding a full week of losing sessions. 11, 2023): For today's live market coverage, see here. Subscribe to The Compound so you never miss an episode and be sure to email us at if you have a question.Update (Sept. We also answered questions about buying your first home when you’re single, how much money to leave to your children and how many stocks to own in your portfolio. I had Josh Brown help me answer this one on this week’s Portfolio Rescue: I would imagine some combination of innovation, obsolescence and disruption play the largest role in creating big losers in today’s market. It was typically outside forces that caused problems: JP Morgan’s research found most of the time it wasn’t poor corporate management like Lehman Brothers. Everyone loves a story about a stock that made someone gobs of money.Īs to how to spot those companies that are on the precipice of a downfall, that’s very difficult to answer. No one likes to brag about a stock that lost them tons of money.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |