08/09/2019

Stocks were volatile today, with every major index ending in negative territory. In economic news, President Trump said the U.S. is not ready to make a deal with China.

 

Here’s a look at how the major indices finished the day:

Dow Jones Industrial -91 at 26,287

S&P 500 -19 at,2,918

NASDAQ -80 at 7,959

 

The 10 Year Treasury closed up 2 basis point yielding 1.73%

Oil prices closed up $1.85 ending at $54.40 a barrel

Gold prices closed flat $1,510 an ounce

 

In the days’ stock news:

  • Uber shares declined 7% today after the ride sharing company reported a loss of $4.72 per share, which was significantly lower than the $3.12 analysts were expecting.
  • Despite beating earnings estimates, Dropbox shares dropped 13% today. This is due to revenue per user falling below analysts’ forecasts
  • Broadcom struck a deal to buy Symantec’s enterprise security business for $10.7 billion. Broadcom’s stock moved 2% higher today.
  • Beyond Meat abandoned plans to enter the Japanese market after a joint venture plan with Mitsui & Co failed. Beyond Meat shares rose 1% today.