Advance Auto Parts Was the S&P 500’s Biggest Loser on August 15
Advance Auto Parts, which is one of the largest retailers of automotive replacement parts and accessories in the US, was the S&P 500’s top loser on Tuesday.
Wynn Resorts was the S&P 500’s top gainer on Tuesday. Buying was triggered in Wynn Resorts on August 16 due to the release of Deutsche Bank’s report.
The S&P 500 fell lower last week amid geopolitical concerns. However, it started this week on a stronger note by rebounding on Monday.
At 6:35 AM EST on August 16, 2017, the FTSE 100 Index was trading at 7,429.50. The iShares MSCI United Kingdom (EWU) fell 0.33% to $33.5 on August 15.
After gaining for seven consecutive trading weeks, China’s Shanghai Composite Index fell last week. The index started this week on a stronger note.
The S&P 500 fell lower last week amid geopolitical concerns. But it started this week on a stronger note by rebounding on Monday.
Last week, the United Kingdom’s FTSE 100 Index fell in the last three trading days to a three-month low. But the index started this week on a stronger note.
After gaining for seven consecutive trading weeks, China’s Shanghai Composite Index fell last week. But despite weak economic data, the index rebounded on Monday.
Omega Advisors chief executive officer Leon Cooperman has expressed a fervent faith in the technology sector—and in Alphabet, in particular.
Leon Cooperman, chief executive officer of Omega Advisors, is a great believer in the technology sector.
According to Cooperman, the global economy is doing well, and there’s synchronized growth around the world.
When asked about the valuation of the market, Cooperman said that he thinks “the market is fully valued.”
The United Kingdom’s FTSE 100 Index fell in the last three trading days last week to three-month lows.
After declining for three consecutive trading days, the S&P 500 broke the losing streak and rebounded on Friday.
Asian markets rebounded on Monday as concerns about the geopolitical tensions between North Korea and the United States abated.
This week, the S&P 500 started on a stronger note by rising to a new record high. But on Tuesday, the market closed lower due to decreased risk appetite.
The United Kingdom’s FTSE 100 Index started this week on a strong note and rose on Tuesday, August 7, 2017, to the highest close in ten weeks.
With an additional weakness in the markets due to tensions in North Korea, Japan’s Nikkei Index fell on Thursday to the lowest level in more than two months.
Billionaire investor and bond guru Jeffrey Gundlach also shared his view on bond yields in an interview with CNBC.
Billionaire Jeffrey Gundlach correctly predicted Donald Trump’s win in the US presidential election of 2016. He also said at that time that Trump’ win could lead to huge fiscal stimulus.