inquiringminds

The Dow Industrial Average dropped six hundred and eighty points. Can everyone say ouch? This is a very significant drop for the Dow to experience. The Dow doped 7.7 percent today. The S &P dropped 8.9 percent today. The Nasdaq Composite Index dropped nine percent. It is safe to say that Wall Street did not have a good day today at all. One of the reason for the sharp stock declines is falling oil prices. Who would have thought that the price of oil would be falling right about now? I sure did not think that the price of oil would be declining right now. The best stock performer of the day was McDonalds, which took a 4.2 percent loss on the day. How can your best stock performer of the day be one that lost points today? I don’t know. Shoppers did shop but will we see a huge profit from those Black Friday and weekend sales? I mean people shopped but the stores were forced to discount a lot of merchandise which does take away from their overall profits. Yes, they will do more volume but they still need to make up their losses somewhere.