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Infections. Reported more than 200 deaths today. In the markets, we turn our attention to trading volume. It was pretty light but finished up. Momentum has been fading as we near record highs. On any indication of a new Coronavirus Relief plan coming from the white house. On the day, two words sum up today, summer friday. Slow with low volume. The major averages barely moving. In the middle of the day, there was some volatility. At the end of the day, the s p 500 down just fractionally. Bit. Aang index down just a we saw a little bit of weakness in biotech. That is one of the only indexes down for the week. Beneath the surface, it is not quite as dull. Lets highlight two of the big earnings movers. Semicap Equipment Company quarterly Beat Estimates and raised the outlook. They make the equipment that makes chips w ....
Volumesaining 4. 5 , higher than average. Thethe dow, about 76 above 20 day average. For the nasdaq, about 50 above. Romaine as far as some of your leaders, kind of a mixed bag. Scarlet cosco comedy that costco, the best performer in the s p 500. I am thinking about volatility. Extraordinary gain as you and romain were talking about. More big moves to the upside and probably the downside are ahead. The spring500 during and summer. When it broke, it broke into huge moves. Both the upside and downside. We are looking at the best day since then. Relatively small moves, especially in the last quarter of last year. These huge, with moves to the downside, volatility is back. Volatility breeds volatility. There is probably more ahead as investors try to figure out what this coronavirus will mean for the global economy. Like most sectors, financials did really well despite the fact that the outlook for Interest Rates is not great. Treasur ....
For. And 2020s crystal ball. Well talk predictions for Tech Companies in the new year as well as what tech trends well see in the next decade. The battle for tech privacy in 2020. Wednesday marks the official start for the California Consumer privacy act. This law is meant to give users transparency around what Data Companies select on them as well as the right to Block Companies from selling that information. For a look at what to expect this year in the battle to protect Consumers Digital lives, i talked to reese purse a partner where he coheads cybersecurity practice. Also with him is Eric Newcomer who covers the intersection of tech and governm ....
And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. And will put some of their business is up for sale. Bloombergs kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which ....