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fast stock market news where i give you all the stock market news as fast as i can so let's see how the indices did today as we would see the s p 500 finish 1.89 1.86 in the green the dow had a nice green day finishing up almost two percent the nasdaq finishing one point five nine percent and the russell finishing a bit over a one percent for the day so it's actually a really good day for the dow and the reason the dow jumped up today so much uh almost two percent and outperformed all the indexes was because of uh jp morgan jp morgan basically caused all the banks to spike today and uh it had to do a lot with what jamie dimon said uh currently saying basically how the currently the economy is pretty bad but like any storm the clouds eventually move away and things get back to normal jamie diamond diamond did say that he believes that the consumers in a good spot kind of like causing the market to rally today saying that they've never had more savings than they've had currently so that caused a big rally in the markets today basically showing everyone that maybe it's not going to be as bad as we think the recession so it's good to see the markets rally for today but i wanted to get to some more news guys and that's going to be earnings for the remainder of the week today's monday probably the biggest company that reported was zoom you guys know anything about zoom it's basically like the number one pandemic stock the the stay at home stock it actually jumped spiked up a lot it went up as much it was almost 20 percent after uh after the bell but uh like anything in this market nothing is safe people took profits and it's still up for the day but it had a nice beat basically showing that it beat on basically adjusted earnings and it also actually um improved from the previous year of the 33 uh 3.45 cents to 351 uh but a couple of more that i wanted to look at for tomorrow very important for uh for you guys to be on lookout for best buy it's going to be kind of like another one of those uh amazon not amazon i'm sorry target kind of walmart thing to to show you how people are spending their money and if people are not buying electronics uh you could probably bet the best buy is probably gonna tank if their sales are down for the year another one that i would keep eye out on is in ralph lauren kind of like a more high-end clothing brand if they're reporting good revenue that people are still buying high-end uh clothing then that could go well for for the like nordstroms and ralph lauren and all these uh kind of like high-end retailers uh another one after the bell it's important lookout for toll brothers a lot of building houses and uh currently if you guys haven't noticed uh housing markets outrageous and it's just kind of like really bad to try to even get at home the mortgage rates are about 5.3 percent and it's just uh being over inflated a lot of people think we're in a bit of a bubble and it could pop at any moment so toll brothers along with a lot of other homemakers are basically have been like just being beaten up during this uh whole sell-off that's been happening in the market on wednesday good to check on dick's sporting goods another one of those like basically kind of like um like what are people spending are they spending money on just food and necessities are they still spending it on like outdoor equipment and things to go outside and have fun nvidia another huge one the semiconductor space has been absolutely nuked during this selloff really um interesting to see what nvidia has to say uh other companies like amd have reported great earnings and their stocks have sold off so who's to say what might happen with uh nvidia hopefully um it doesn't like completely tank the market again because anivia and vidya is a big chunk of the s p 500 uh you also have uh alibaba another important one for us to see how how business is going in china and if you know anything about china right now it's not really good everything's pretty much shut down in shanghai so it's interesting to see how uh what alibaba has to report another another one that macy's dollar general very much for like recession kind of stocks dollar general and dollar tree these are like kind of just i wouldn't doubt it if they went up after the belt because if we are in recession technica basically these companies do the best along with costco probably one of the big ones kind of like a walmart or a target kind of a big um big recession stock that people kind of like go to uh although i will say that uh costco has ran up a lot this this past six months it hit a 50 52 week high a couple of times guys just a quick video for you thanks again for watching i'm glad we had a green day a lot of it because of the jamie diamond and the jp morgan investor day and let's see if we can keep this momentum going thanks again and i'll see you guys next time take care thanks again everyone for watching fast stock market news if you enjoyed the video consider subscribing commenting or liking the video i would greatly appreciate it my name is gio and i'll see you tomorrow guys take care
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