The Dow Jones Index has closed in the red for three consecutive days now. Last month, the index had its best month since June.
On December 2, Raymond James downgraded Wells Fargo to “underperform” from “market perform.” It expects revenue and margin headwinds to dent the stock.
The stock prices of chipmakers Advanced Micro Devices (AMD) and Nvidia (NVDA) have propelled by 18.17% and 6.76% in the last one month, respectively.
We’re now into December. Based on last week’s closing prices, the Dow Jones Industrial Average Index has risen 20.2% in the year.
This week, the Dow Jones Industrial Average Index (DJI) rose 1%. On a month-to-date basis, it has risen 3.8% and heading for the biggest gain since June.
Last week, CNBC said that WeWork (WE) is firing 2,400 people. Supposedly, this will “create a more efficient organization.”
Last week, the Dow Jones Industrial Average Index (DIA) fell 0.5% after four consecutive weeks of rises. It closed 0.8% below the all-time high.
Recession pundits have predicted an apocalypse several times in the last decade. The 2008 financial crisis still weighs down on some economists’ minds.
In this morning's edition of Get Real, we saw that WeWork's layoffs are taking a toll. Meanwhile, the cannabis industry could be bouncing back.