Black Friday was one of the worst days in US stock market history. On Oct 19, 1987 the Dow Jones Industrial Average plunged by an astonishing 22.6% in the session wiping out billions in market value. If the Dow were to fall the same percentage on Monday it would lead to a loss of 7,024 …
The US equity market has had a rough start to say the least this year. The S&P 500 is down 7.7% YTD on price return basis and the Dow Jones is off by 5.7%. Tech heavy NASDAQ is performing even worse with the NASDAQ Composite and the Nasdaq-100 falling 12% and 11.5% respectively. Below are the …
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The S&P and the Dow are down 1.9% and 0.3% year-to-date in the first week of 2022. The NASDAQ Composite index is off by 4.5%. These stats do not tell the full extent of selling underway in the tech heavy NASDAQ. According to Sundial Capital Research quoted in a journal article over the weekend: About …
Continue reading ‘Fact of the Day: Many Nasdaq Stocks Are In Bear Markets’ »
The average price of a new car in the U.S. has been increasing consistently for many years. Like the humble bicycle cars used to be a form of transportation to travel from point A to point B. That is no longer the case. Today’s automobiles have some of the top high-tech features possible like an …
Continue reading ‘Fact of the Day: New Car Price in the U.S. vs. India’ »
US tech giant Apple(AAPL) is the most valuable company in the world. Currently Apple has a market capitalization of $2.50 Trillion. On Tuesday the company has scheduled its latest hardware unveiling event. Some investors are hoping the upgrades to iPhone and other products would help propel the market cap to $3.0 Trillion soon. Apple is one …
Continue reading ‘Fact of the Day: Number of Stocks Bought Back by Apple’ »