Yesterday we get a clear signal from Fed that a rate cut is coming outweighed worries about increasing risks in the Middle East. Recently, the shooting down of an American drone by Iran results in another spike in the price of oil today. As we know that West Texas crude oil was high with a rate of 5.8% today and was risen nearly 10% in the last 2 days. Oil and gas producer Hess Corp Shares were up by 4.07%.
We got a high late in the day and closed with a gain of 0.96% of the S&P 500 index. And the Dow and Nasdaq Composite were up by 0.95% and 0.8%. And the market was a little hot.
Adobe Inc. was continued rewarding by investors as stellar financial results were reported yesterday. Did you know that the stocks were up for this company by 5% after they released their earnings and now it gained 3.74% more today, and now their total percentage for the year gets to 33.5%? Adobe is rocking guys, this company is great and I personally liked it!
And today was the bad day for tesla because they had the biggest loss on the index, with the percentage of 3.01% after Goldman Sachs analyst declared its sell rating on the stock market and then he lowered his price target. This was a really bad day for tesla but let’s see what happens in the future for tesla.
And here are some more companies that losses today’s rate including mall REIT Macerich Company(-2.49%), Under Armour Inc.(-1.41%), and Cintas Corp. (-1.05%).