Search Results for: stock

The U.S. Purchasing Managers Index (PMI), which measures business activity in the manufacturing and service sectors, fell to its lowest level in nine years this month. At a reading of 50.6, the PMI suggests the economy may currently be close to flat. Interest rates and the price of oil plunged on the weak economic news. So did stock prices. The major indexes were all down sharply with the Nasdaq Composite index falling 1.58 percent. The Entrepreneur Index™ closed the day with a loss of 1.69 percent. Technology stocks were once again hammered…

The stock market whipsawed as the President delivered conflicting messages about ongoing trade negotiations between the U.S. and China. Yesterday, the President said that China had broken the deal but suggested that an agreement could still be reached before more tariffs on Chinese goods take effect at midnight tonight. He also added that tariffs were an “excellent” alternative to a deal. Investors don’t know what to make of the situation. Stock prices were down sharply this morning before recovering ground in the afternoon. The Dow and S&P indexes ended the…

President Trump’s saber rattling in trade negotiations with China scared investors this morning, but cooler heads prevailed and stock prices recovered most of their early losses. The President threatened to increase the current ten percent tariff on $200 billion of Chinese goods to 25 percent by Friday if no deal is reached. He suggested the tariffs might soon apply to the rest of Chinese exports — some $325 billion — as well. Stock prices plunged with the Dow falling by nearly two percent in early trading. Stock prices recovered through…

The stock market recovered from a sharp drop, but the Nasdaq Composite index fell 0.66 percent from a record high thanks to Alphabet Inc. and other weak technology stocks. The S&P 500 index was up 0.1 percent while the Dow gained 0.15 percent. The Entrepreneur Index™ fell 0.7 percent with the tech sector being the biggest drag on performance. Shares in Alphabet Inc. had their worst day since 2012, after the company missed revenue estimates for the first quarter. The stock was down 7.7 percent from a record high on Monday after the internet giant reported…

Shares of GoPro (NASDAQ:GPRO) never panned out the way early investors had hoped. In fact, some investors were really burned by GoPro stock after the action-camera maker went public. GoPro went public in 2014 at $24 per share.GoPro stock quickly rocketed to over $90. With GoPro stock now just under $6 per share, 93.7% below its all-time high of $93.85 , it’s safe to say that GPRO stock has turned off a lot of investors for good. Investors view its product as a commodity and something that’s subject to competition and cannibalization.…