Zeroed-In: The Market at a Glance, 05/20/2020

By: KS Anthony | Be the First to Comment

Wednesday May 20, 2020:

Facebook and Amazon did the Heavy Lifting Today

The S&P 500 closed at its highest since early March, led by Amazon (AMZN: US) and Facebook (FB: US), both of which saw new all-time highs today. FB closed at $229.97, while AMZN ended at $2497.95 before reaching $2500 in after hours trading.

More Bad Luckin For Coffee Company
Trading on Luckin Coffee (LK: US) restarted today after being shut down last month amidst revelations of inflated bookkeeping. The company, which reported that it was facing delisting by Nasdaq, saw a massive sell-off throughout the day as investors headed for clearer waters, ending the day down 35.76% at $2.82. The company's IPO price when it went public last May was $17.00.

Earnings before open tomorrow, May 21, 2020:

BJ's (BJ: US),
Best Buy(BBY: US),
Hormel Foods (HRL: US)

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