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- Business and Finance News - 9.3.24
Business and Finance News - 9.3.24
Good Morning, Students!
Trade Balance refers to the difference between the total value of a country's exports and its imports over a specific period. It is an important economic indicator that reflects a nation's economic health, showing whether it has a trade surplus (exports exceed imports) or a trade deficit (imports exceed exports). The trade balance influences a country's currency value, economic policies, and overall economic stability.
Monitor your country's trade balance to understand the impact of global trade on your investments.
-Mr. W
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TOP STORIES
*ByteDance - ByteDance is a Chinese multinational internet technology company known for developing and operating popular apps like TikTok and Douyin (the Chinese version of TikTok).
*DirecTV - DirecTV is a satellite television service provider offering a wide range of digital television, audio programming, and interactive services to residential and commercial customers. It delivers channels including entertainment, sports, news, and on-demand programming.
*The Walt Disney Company (DIS) - The Walt Disney Company, commonly known as Disney, is a diversified multinational entertainment and media conglomerate that operates in media networks, parks and experiences, studio entertainment, and interactive media.
*Hilton (HLT) - Hilton is a global hospitality company that operates a wide range of hotels and resorts across various brands. Some of Hilton's well-known brands include Hilton Hotels & Resorts, Waldorf Astoria, Conrad, DoubleTree, and Hampton by Hilton.
*Hyatt (H) - Hyatt Hotels Corporation is a global hospitality company that operates a wide range of luxury, lifestyle, and resort hotels. With brands such as Hyatt Regency, Park Hyatt, Andaz, and Grand Hyatt, the company focuses on delivering high-quality guest experiences.
*Marriott (MAR) - Marriott International is a global hospitality company that operates a broad portfolio of hotels and related lodging facilities. Marriott's brands include names like Ritz-Carlton, Marriott Hotels, Sheraton, Westin, and Courtyard.
*Intel (INTC) - Intel Corporation is a leading global technology company specializing in designing, manufacturing, and selling semiconductor chips.
*Volkswagen (VLKPF) - Volkswagen AG is a leading global automobile manufacturer headquartered in Wolfsburg, Germany that designs, manufactures, and sells a wide range of vehicles.
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THE MARKETS
Here’s how the major indexes did on Friday (markets were closed yesterday):
Dow Jones Industrial Average: 41,563.08 +228.03 (+0.55%)
S&P 500: 5,648.40 +56.44 (+1.01%)
Nasdaq Composite: 17,713.62 +197.19 (+1.13%)
Russell 2000: 2,217.63 +14.65 (+0.67%)
Here’s how leading market ETFs did on Friday (markets were closed yesterday):
SPDR S&P 500 ETF Trust (SPY): 563.68 +5.33 (+0.95%)
iShares Core S&P 500 ETF (IVV): 566.75 +5.30 (+0.94%)
Invesco QQQ Trust (QQQ): 476.27 +5.61 (+1.19%)
Vanguard S&P 500 ETF (VOO): 518.04 +4.83 (+0.94%)
Vanguard Total Stock Market ETF (VTI): 278.38 +2.66 (+0.96%)
Here’s how the The Magnificent Seven did on Friday (markets were closed yesterday):
Apple (AAPL) [3.512T]: 229.00 -0.79 (-0.34%)
Microsoft (MSFT) [3.10T]: 417.14 +4.02 (+0.97%)
Nvidia (NVDA) [2.941T]: 119.37 +1.78 (+1.51%)
Alphabet (GOOGL) [2.039T]: 163.38 +1.60 (+0.99%)
Amazon (AMZN) [1.858T]: 178.50 +6.38 (+3.71%)
Meta Platforms (META) [1.322T]: 521.31 +3.09 (+0.60%)
Tesla (TSLA) [682.83B]: 214.11 +7.83 (+3.80%)
Here’s how the major cryptocurrencies did yesterday:
Bitcoin (BTC): $59,156.90 (8:30PM PST on 9/2/24)
Ethereum (ETH): $2,519.35 (8:30PM PST on 9/2/24)
Solano (SOL): $135.72 (8:30PM PST on 9/2/24)
Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices.