New article posted below titled “The Monopoly Game for Millennials”
1) IBM announced it’s buying the cloud company Red Hat for $34 billion dollars. IBM, like other old guard technology companies, has been declining in value, it’s stock down 30% over the last 5 years. The old guards are buying up new high technology to bolster their standing.
2) European stock markets see a surge while China’s economy is still in a slump. Even so, the European market will have it’s worst month at the end of this month.
3) Oil prices are regarded as an indicator of the health of the worlds economics. Worries abound as oil prices continue their slide downwards.
4) 29 OCT 18 Stock market closings:
Dow 24,442.92 down 245.39
Nasdaq 7,050.29 down 116.92
S&P 500 2,641.25 down 17.44
10 Year Yield: up at 3.09%
Oil: down at $66.66