Because of these unconventional trade policies of President Donald Trump the stock market is heating up. Now as we know that stocks were down when President Donald Trump just announced that 5% tariff on all exports to the United States from Mexico some weeks ago. The Stocks were downgraded after this statement last Friday. Now we got more from President as he also released a statement that was that He would add more tariffs on China as well if they didn’t attend the G-20 summit meeting, which is in Japan at the end of the month. Investors still give a bet on this Tariff man for now.
Let’s get to the Stock prices for now as stock prices were down all day but all the indexes had good gains today. The S&P 500 and Dow were up by 0.3% and 0.47% approximately while the Nasdaq Composite was up by 1.05% and The Entrepreneur Index was up by 0.93% and closed the day.
Now let’s get to our trusty favorite technology sector where all the stocks were mixed up. There were four stocks on the index that was up with Netflix -2.46%, Netflix was the only one which gets a downgrade for today’s stock. Amazon was up by 3.14%, Alphabet Inc. was up by 1.35% and Facebook was up by 0.85% which not bad but at least good from the loss.
Now we have some computer-related companies one of them is Analog Devices which had the biggest gain on the index for today and that was a lot, it was up by 5.82% after their stocks were changed from the sale to buy by Goldman Sachs analyst. Now we have our favorite Graphics card maker company NVIDIA Corporation which was also up by 2.01% but our software making company salesforce.com had seen the biggest decline on the index for today that was 5.26%, which is a lot downgrade on the stock and it happens only with one statement of there that was a 15.3$ billion deal to buy Seattle-based tech firm Tableau. And this statement destroyed the Stock.
Tesla was also up for today with a percentage of 4.1% after its stock was changed from neutral to buy rating by Roth Capital. But the shares are still down 36% on the year.
Today we got good gains on the index which also includes FedEx Corporation which was up by 2.42% and Ralph Lauren Corporation by 2.51%.
Now let’s get to the Clothing field and we had the biggest decline on the index from L Brands which was downgraded by 3.88%. Its shares are now down by 15% this year. This year was like a rollercoaster for the investors or shareholders of L brands because they have seen a lot of ups and downs.
Today we get some great declines on the index that was J.M Smucker Company which was down by -1.52% and Alexion PharMaceutical which was also down by -1.67%.
