The market volatility continued to close out the worst week in over two years. The Dow was negative most of the morning but closed higher by 317. The S&P 500 added 36, and the Nasdaq 100 gained 90 on the day. For now the market indices have mostly held their Tuesday lows.
Oil was in focus today as the price of Crude dropped over 3%. This sent the commodity into correction territory, but technical traders liked the idea of support. Current support of $58 held today, and even saw a little buying.
Nvidia (NASDAQ:NVDA) shares shot up 6.69% today as the company announced earnings that beat Wall Street's expectations. The stock has been one of the only names to safely stay near highs during this most recent market volatility. Volume in the stock has also remained rather steady as investors looking for crypto-mining exposure flock to the name.
Expedia (NASDAQ: EXPE) shares plummeted 15.47% today as the company announced earnings that were well below Wall Street's expectations. The company blamed higher marketing expenses as one of the catalysts and traders wanted no part of it. Shares broke to new lows on the news, now down almost 20% on the year.
Amazon (NASDAQ: AMZN) shares traded in a wild range today as news broke that the secret delivery service is on schedule and planning to undercut prices of both FedEx and UPS. The Amazon delivery service aims to take packages from businesses direct to consumers which would completely eliminate the need for them to use other services. FedEx and UPS were both lower on the news.