Euro Dips Near Record Lows in Wednesday Trading
In overseas trading today, Japan and London posted gains while Hong Kong and Germany sank. France was up slightly, and the Swiss Market Index lead Europe in real gains.
Euro Falls For The Second Day In A Row, Back Near Record Lows.
The value of the Euro is vital to the Eurozone economy at large. Some member states like Germany have argued against a single currency in favor of the old way of doing business, but the Euro looks like it's here to stay. Still, with broken economies like Greece a part of the Eurozone, it's hard to see how even the heavy-hitters in Germany can balance out what has become a failing currency.
Cablevision Systems Up Big On Analyst Upgrade. A recent upgrade started a buying frenzy for Cablevision (CVC) stock. Share prices were up in heavy trading, climbing to $24.69 by the close of trading today. Cablevision gained 3.77 points, or over 18%.
Transportation Sector Takes A Big Hit As Airlines Fall. Today was just the latest in an ongoing series of tough days for the transportation sector. Cheap oil can't overcome flagging customer demand, although air travel is expected to pick up over the summer. Three major airlines fell big today. Southwest Airlines (LUV) lead the race to the bottom, shedding nearly -10% of its value to close at $37.19 per share. American Airlines (AAL) and Delta (DAL) followed suit, losing -4.85 points and -2.59 points respectively. American closed at $43.00 per share, and Delta at $43.62.
Hormel Beats On Earnings, Misses On Revenues, Still Rises. The popular prepared food company Hormel (HRL) just released their Q2 earnings, and the news was mixed. Although Hormel beat earnings estimates, revenues as a whole weren't as high as expected. Hormel closed the day up 2.35 points to $58.14 per share.
Yahoo Recovering After Yesterday's Drop. Search and news giant Yahoo! (YHOO) recovered slightly today after taking a big hit in trading yesterday. Yahoo posted a gain of 1.80 points today, and closed at $42.79 per share.
Published on May 20, 2015By Aaron Phillips