After the Closing Bell Report: Stocks to Watch September 24, 2020

Good evening, here are some highlights from today’s trading and news you can use for Monday’s trading day.

The news came early today when President Trump selected Amy Coney Barrett to fill the Ginzburg Supreme Court vacancy.

S&P 500 3,298.46 +51.87(+1.60%)

Dow 30 27,173.96 +358.52(+1.34%)

Nasdaq 10,913.56 +241.29(+2.26%)

Russell 2000 1,474.91 +23.09(+1.59%

Crude Oil 40.04 -0.27(-0.67%)

Gold 1,864.30 -12.60(-0.67%)

Silver 22.99 -0.21(-0.91%)

EUR/USD 1.1639 -0.0037(-0.31%)

Dow Rises up more than 300 points on Friday cutting losses for the week with tech shares up at the close. Cruise lines   Norwegian Cruise Line, Royal Caribbean,   and  Carnival contributed to Friday’s gains.

Apple (AAPL +1.9%) has temporarily ‘suspended  its 30% cut of the transactions collected by small businesses that have  postpaid events on Facebook. Companies such as ARNB Classpass, and  Facebook have until December 31st to add Index app payments for real world events apple was at odds with epic games, open Spotify have been advocating for fair miss and regulations in the app.

Apple opens first India online store due to booming iPhone sales

American Airlines secures a 5-billion-dollar loan. It has till September 30th to accept it. This will help prevent massive layoffs the company would have had to do.

Large discount shoe retailer DSW is making its shoes available in some Hy-Vee grocery stores. The locations will have approximately 1,200 square space. Minneapolis is set to open this month with two stores, and an additional four will open  the end of this month. Their future plans are to extend this business model. We have seen other retailers such as finish line opening  in the Macy’s Department stores.  The model proves to be successful and the brand gains visibility and more shoppers .

Alphabet and Google CEO Sundar Pichai company reached a sexual misconduct settlement that included a $310 million diversity initiative and major changes to its executive compensation and reporting policies.

Google Unveils new phones and smart speakers Chromecast Sept. 30

Amazon (AMZN) is launching high-end fashion luxury stores by invite only. The luxury stores will be available to prime members only in the United States. It has partnered with Oscar de la Renta luxury clothing brand . More luxury brands will be added as well.

Ron Paul became ill  today and was sent to the hospital while he was giving a segment of his  live show, “ The Ron Paul Liberty Report.” He posted a picture of himself from his hospital bed with a thumbs up and said he is doing well.

While Footlocker reinstated its dividend last month, it laid off or relocated a combination of 179 employees.Those cuts were for the East Bay brand

Accenture: The consulting firm said in late August it would lay off about 25,000 global employees, or about 5% of its total workforce. On Thursday, it announced it would expand its share buyback program by an additional $5 billion, bringing its total to $6.3 billion.

Olive Garden laid off 11% of its corporate workforce for restructuring purposes .

Darden Restaurants: The company said Thursday it will pay out a dividend of 30 cents per share to shareholders. The same day, the Olive Garden parent said it had cut 11% of its corporate workforce  or about 225 workers  as part of a restructuring.

 

 

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