Mixed Bag
The stock market ended the day little changed after pushing higher in the morning. The results were a mixed bag with DJIA and Nasdaq both up just slightly and the other indices down a few points.
The bounce in the market yesterday extended into the morning today but ran out of steam during the 3rd hour of trading. The afternoon had the market digesting news of terror activity in Germany. A stadium was evacuated after an ambulance was found packed with explosives. At least that was the initial report.
There was also news hitting the wire that a passenger tried to get into the cockpit of a British Airways flight from London to Boston. So the market was on edge, digesting these news reports.
In tonight’s video I look at the market action and check the 3 stocks that had the biggest percentages losses (of my list) today…SolarCity (SCTY), Canadian Solar(CSIQ) and Under Armour (UA). Continue reading
The market was down again today with the DJIA down 78.6 points and the SPX down 6.5 points. The DJIA was down about 250 points at one point this morning but clawed its way back. One interesting development is the move up in gold.
China’s PMI Manufacturing reading came out overnight and was the lowest reading since March 2009. So the world’s 2nd largest economy is struggling and that is weighing on the global economy, commodities and markets.