The Closing Bell 🔔
And the earning reports keep on comin’. Dow is up 86 points. Nasdaq is down 0.63%.
Nasdaq closed in the red despite this morning’s power surge, which has analysts wondering: Have we reached the top? 💵 The dollar rebounded following yesterday’s Fed decision to keep interest rates low. 😱 Wall Street’s fear index fell to a record low. 🛢 Oil surged over $49 a barrel.
☹️ So much for Jeff Bezos being the richest man in the world: Amazon shares fell 4% after missing quarterly earnings. ⬇️ Twitter shares tumbled nearly 14% after struggling to add new users. ✈️ Airlines stumbled after reporting disappointing earnings. 📰 Shares of The New York Times hit their highest level in nearly a decade thanks to subscriber growth and digital ad revenue. 📲 Verizon spiked 8%. 🍾 Facebook and Amazon are now worth $500 billion each. They join Apple, Alphabet and Microsoft as the richest tech companies in the world.
Other market items:
- Delta pulls out of Venezuela (CNNMoney)
- Germany recalls 22,000 Porsche SUVs (CNNMoney)
- Samsung could soon beat Apple (CNNMoney)
- Workers ‘should be weary’ of Foxconn in Wisconsin (CNNMoney)
