It is a very special and great day for Facebook as their stocks get higher rates in the stock market when they released the news of launching their own cryptocurrency. Facebook rates were up by 2.40% approximately. but the Dow and S&P 500 were down by 0.07% and 0.16% which is not much lower and they can easily recover from this margin of loss and as you know guys ups and downs are common in this stock market. As Dow and S&P fells so how can Nasdaq go up, it was also down by 0.52% and The Entrepreneur Index was also down by 0.12%
Most Popular Graphics Card and Chip Makers Nvidia Corporation has seen a drop of -2.7% and Analog Devices has also seen a drop of -1.66% and it was the biggest drop margin in the stock market. Now let’s talk about NVIDIA which is the best Graphics Card Maker in the World is up 8.3% this year but has seen a down 45.8% in the last 12 months which is totally bad for them and is very sad news for them. Netflix has also seen a drop of -1.01%, TripAdvisors Inc. down by -1.58%, and salesforce.com -0.88% down, these all were down in today’s statistics of the stock market.
Facebook was on the top of the sector with an up percentage of 2.13% on the buzz because of its cryptocurrency GlobalCoin that they were going to announce next week. Facebook is reportedly is going back from the well-known payment firms like Visa, Master Card, and Paypal as well and Uber Technologies because of the new digital currency. Facebook now has a crypto opportunity according to RBC Capital Markets.
There were some declines in the market also which include mall-REIT Macerich Company -2.01%, Brown-Forman Corporation was also down by -1.8% which is a liquor making company and there is also one whose work is Hospital Operator named as Universal Health Services and it was also down by -0.97%.
