5 Takeaways from the Market Last Week
Here are 5 takeaways from the market last week:
- Earnings from marque tech players did well overall
- Oil continues slide
- No interest rate hike in sight as Fed sits on its hands
- Consolidation continues as market slides sideways
- Effect on the Election
Earnings
Apple (AAPL), Facebook(FB), Alphabet (GOOGL) and Amazon (AMZN) all did well and all of them had their stocks up for the week. The winner of the four was Apple.
Apple was up 5.6% for the week followed by Alphabet +4.4%, Facebook +2.4% and Amazon +1.9%.
Apple beat expectations and CEO Tim Cook says their services sector “will be the size of a Fortune 100 company next year”. Continue reading