Financial Review

…Facebook’s epic crash. Amazon does Amazon. Facial Rekognition sort of works. Earnings roundup: Intel, Starbucks, Chipotle, airlines. GDP tomorrow. Financial Review by Sinclair Noe for 07-26-2018 DOW + 112 = 25,527 SPX – 8 = 2837 NAS – 80 = 7852 RUT + 10 = 1695 10 Y + .04 = 2.97% OIL + .24 = 69.54 GOLD – 9.00 = 1223.40   The bigger they are, the harder they fall.   Facebook posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report. Facebook’s market capitalization crashed by about $120 billion to about $510 billion as its stock price fell by more than 19 percent. At Wednesday’s close, Facebook’s market cap had totaled nearly $630 billion. No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day. The closest runner-up – Intel lost $90 billion in one day back in 2000. Earlier that year, Microsoft lost $80 billion from its market cap in one day. Today, Facebook shares dropped $41.2