Biggest News Of The Day
The one piece of news that shook Wall Street this morning and put everyone on notice was, Turkey gunning down a Russian jet. Futures immediately took a nose dive, but by 11:00 am the market made a comeback and closed positive.
Energy names led the way; Energy was the best performing sector today with XES up 4.69%, OIH +3.26%, XLE +2.17%, USO +2.23%. Gold and the gold miners also had a slight uptick, probably related to the Russian/Turkey news.
Absent from today’s brief turnaround was AMZN, FB, GOOGL. LNKD, these have been stellar performers lately, but they did not go green as the market did after midday.
The focus now is on a possible retaliation by Putin; that’s probably the reason why we saw significant moves from the oil names and the gold miners. “Putin calls jet’s downing ‘stab in the back,’ but Turkey says warning ignored.”
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
Share This Story, Choose Your Platform!