Dow Closes Down More than 300 Points on the Day of the State of the Union
The Dow closed today down more than 300 points. The major dip occurred on the same day as President Trump's first State of the Union address.
Stepehn Massocca is a managing director at Wedbush Equity Management. He joins Cheddar to break down the major dip.
When asked if he expects this dip to continue, Massocca says he thinks it will depend a lot on the fixed income market. That being said, Massocca does not anticipate a continued decline.
e.l.f.’s affordable price point and makeup and skincare options made it a social media darling – and the company’s CEO says the company even gets product ideas from its audience.
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Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo.
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It might not be what investors want to hear… but bringing down inflation could mean interest rates stay higher for (even) longer. But it's not all downside.
President Joe Biden and Chinese President Xi Jinping have discussed Taiwan, artificial intelligence and security issues in a call meant to demonstrate a return to regular leader-to-leader dialogue between the two powers.
