ICYMI. Weekly Stock Market Recap. August 27-31


31-Aug-2018 17:41 PM



***Reminder the U.S. stock market will be closed on Monday, September 3 for Labor Day.

In case you missed this week stock market movers news. Here is the recap. 

Monday NASDAQ Composite hit 8,000 for the first time, S&P 500 record high  at 289.90, SPY +0.77%, QQQ +1.02%, IWM +0.16%, IBB +1.75%

Tuesday CB Consumer Confidence at 133.4 the highest since October 2000.

  • Affimed NV (AFMD) Roche (RHHBY) collaboration.
  • Akcea Therapeutics Inc (AKCA), Ionis (IONS) receives CRL for WAYLIVRA from FDA
  • Alphabet Class A (GOOGL) POTUS tweet concerned of political agenda as National Left-Wing media.

Wednesday GDP (QoQ) Q2 4.2% vs 4.0%. Dow Jones up +60.55 points, SPY +0.53%, QQQ +1.15%, IBB +1.26%

  • Roku (ROKU) stock down due to (AMZN) launching free video service
  • (AMZN) stock hitting record high at 1,998..69
  • Apple Inc (AAPL) all-time high at 223.23

Thursday the US stock market retreat after POTUS back $200 billion in China tariffs as early as next week. Dow Jones -137.65 points, SPY -0.40%, QQQ -0.18%, IBB +0.39%, QQQ -0.18%

  • Electronic Arts (EA) cut FY 19 bookings guidance to $5.2B from $5.55B
  • (AMZN) hit 2,000 level for the first time.  Intraday high as 2,009.67
  • Guess? Inc (GES) earning report

Friday Dow Jones -22.10 points.

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