1) The ADP employment report, which was released before Market open, showed an increase of 250,000 jobs by the private sector. This sparked another record-breaking day on Wall Street. The Dow Jones Industrial Average gained 152.45 points, the S&P 500 added 10.93 points while the Nasdaq 100 closed higher by 12.38 points and the Russell 2000 finish higher by 3.70 points.
2) After a decent holiday sales season, the retail sector was dealt another blow. Earlier today, both Macy's and Sears Holdings announced even more store closings sending the whole sector lower.
3) Marijuana stocks have been on a high lately (no pun intended) but today the Trump Administration announced that it will rescind State protections from pot prosecutions. This sent the whole sector lower.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.