A third straight day of selling yesterday after plunging crypto currency prices rattled the overall market, but a late tech rally helped the S&P 500 erase about 80% of the early loss and today the market had a better tone as tech & cryptocurrency rallied back.
At the close:
In other news tech giant Cisco, already up 20% for the year, was fractionally higher after reporting revenue and net income above analysts’ expectations but their guidance was disappointing. Virgin Galactic has been in a nose dive dropping 70% in the last 100 days but 14% higher today after they announced their next flight will be Saturday. Victoria Secrets parent company was already up 86% this year so a report that showed revenue and net income above predications was greet with profit taking.
U.S. stocks closed up today as the market bounced back...
U.S. stocks closed lower today with equities resuming a downward...
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