A morning gap up led to some sellers showing up as the extended NASDAQ needed to take a bit of a breather. The S&P 500 fell 0.41% and the NASDAQ 0.63%. There is a Federal Reserve meeting this week in between all these earning reports so we’ll see if there is any gyration Wednesday – but no action is expected until fall at the earliest in terms of raising interest rates.
Fun fact - Amazon.com founder Jeff Bezos is now richer than 3 of the 4 Walmart heirs. Bezos’s fortune jumped $4.9 billion to $40 billion making him the world’s 10th-richest person. The jump puts him on par with Wal-Mart founder Sam Walton’s daughter-in-law, Christy Walton, the richest woman in the U.S. Walton’s sons Jim and Rob are ranked 11th and 12th with $38.5 billion and $37.4 billion respectively. Alice Walton is ranked 15th with $36.7 billion.Continue reading