| ||||||||||||||||||||||||||||||||||||||
|
Tuesday, December 31, 2019
Suppose the market makes a big move this holiday season
Bon Voyage 2019!
By Gabe Alpert, Associate Editor
Tuesday's Headlines 1. January 15th set for Phase One trade deal signing 2. Uber and Postmates sue to stop AB5 in California 3. Carlos Ghosn flees Markets Closed
Markets Today It was another slow day today as U.S. markets rose about a third of a percent. The FTSE and Nikkei were down by a little over half and a little over three quarters of a point respectively. As we head into next year, and the next decade, we here at Investopedia wish all of our readers well, and hope you achieve your goals in 2020. Headlines
With New Years approaching, here is the schedule for market holidays around the world over the next couple of days. chart courtesy YCHARTS Pharmaceutical company Mylan rose 3.5%. Chemical company DuPont de Nemours and fertilizer maker Mosaic rose 3.0% and 2.9% respectively. No major downward moves either today with even the biggest loser of the S&P 500, defense technology company L3Harris Technologies, only losing 1.1%. Insurer Anthem fell 1%. Word of the Day The January Effect is a perceived seasonal increase in stock prices during the month of January. Analysts generally attribute this rally to an increase in buying, which follows the drop in price that typically happens in December when investors, engaging in tax-loss harvesting to offset realized capital gains, prompt a sell-off. Another possible explanation is that investors use year-end cash bonuses to purchase investments the following month. Today in History December 31, 1879 Today in 1879 Thomas Edison first demonstrated the incandescent light bulb in Menlo Park New Jersey. Incandescent bulbs were an improvement on previous arc-lighting bulbs, which used a series circuit, so if one broke, the rest went out, like modern Christmas lights. The incandescent bulb ran electricity through a wire filament, initially platinum, then changed to carbon to lower costs, so that it became so hot it glowed, much like how a toaster filament glows red-hot. Edison was able to devote time to the development of his invention due to the support of financier J.P. Morgan and some of the Vanderbilt family of industrial tycoons, which advanced him $30,000 for research and development.
Source: http://www.americaslibrary.gov/jb/gilded/jb_gilded_edison_1.html
How can we improve the Market Sum? Tell us at marketsum@investopedia.com
Enjoy the Market Sum? Share it with a friend. Or share the link below to invite friends to sign up.
CONNECT WITH INVESTOPEDIA
Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here.
114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC. All Rights Reserved | Privacy Policy |