As global war tensions increase, stocks wilt but activity is relatively quiet
Missiles flew over Saudi Arabia. Trump spoke of his own missile strikes in Syria. Each helped to keep a lid on the stocks.
Overall the major indices are ending with declines:
- S&P index is closing down -14.68 points or -0.55% at 2642.19
- Nasdaq is closing down -25.273 points or -0.36% at 7069.02
- Dow is closing down -218.55 points or -0.90% at 24189.45
In other stock news, the long drawn out testimony by Mark Zuckerberg is over and Facebook stock rose once again. It was up $1.28 or 0.78% to $166.32.
Other market gainers in the down day included:
- Netflix up 1.88%
- Schlumberger was up on defense spending expectations up 1.26%
- Deutsche Bank is giving the new head the benefit of the doubt. It rose 0.75%
- First Solar rose 0.65%
- McDonalds rose 0.34%
- Chevron rose 0.34%
- Broadcom was up 0.24%
- Lockheed Martin rose 0.03%
On the downside:
- United fell -4.04%
- Morgan Stanley fell -2.55%
- Boeing fell -2.23%
- Bank of America fell -1.80%
- Delta fell -1.68%
- JP Morgan fell -1.66%
- Wells Fargo fell -1.33%
- Citigroup fell -0.79%
JP Morgan and Citigroup will kick off the bank earnings season on Friday the 13th. Will the earnings bring their investors bad or good luck?
