S&P and Nasdaq 4 day record close streak at risk
The S&P and Nasdaq has closes at record highs for 4 straight days. Today the major indices are opening with modest declines:
- S&P is down -4.5 points or -0.17% at 2908.02
- Nasdaq is down -8.1 points or -0.10%
- Down is down -47 points or -0.18%
Amazon is up about $6 and that takes the price above the $2000 a share.
I know stocks don't split these days and it does not really change anything, but you wonder if they might entertain the idea. Apple - another high flyer - had a stock split on a 7-for-1 basis on June 9, 2014. For a consumer brand, paying $2000 per share is a bit pricey for a lot of their customer base. Just saying.
For the record, Amazon split shares 3 times in its history. They all were within a 15 month period back when stock splits were a daily announcement in the dot.com boom days.
Since then....crickets.
