Call Put Strike Daily Insights: SpaceX Gets Grounded & An Introduction to Investing in Index Funds

Daily Financial News & Insights Summary for Wednesday, May 27, 2020 Stocks continued to rise on Wednesday. The Dow Jones closed at 2.18% higher, the S&P 500 rose by 1.46% and the NASDAQ increased by 0.78%. Boeing laid off 6,770 employees on Wednesday. This is in addition to the approximately 5,520 voluntary layoffs who will soon be leaving the company. Those who agreed to the voluntary layoffs received a buyout package. Boeing had previously announced that it was planning on reducing 16,000 jobs due to the reduction of both air travel and customer demand. CEO of Boeing, Dave Calhoun said: “We have come to the unfortunate moment of having to start involuntary layoffs. I wish there was some other way.” Shares of the company increased 1% after the announcement. Marriott International has announced that they will be furloughing more staff and continuing their reduced work week. This reduction in hours started in March and is expected to last until October at least. Marriott representatives warned that there will likely be a large number of layoffs this year because they are expecting the effects of the pandemic on the hospitality industry to last until after 2021. The company stated that the coronavirus is impacting them more than the 2008 recession and 9/11 did, combined. Read more: https://callputstrike.com/2020/05/27/spacex-launch-grounded-daily-financial-news-summary-for-wednesday-may-27-2020/ Investing in Index Funds When you decide to invest in the stock market, you will likely start paying more attention to financial news and updates. At this point, you will start hearing about index funds. What exactly are index funds, and how do they relate to a market index? Read more: https://callputstrike.com/2020/05/20/investing-in-index-funds/ Copyright © 2020 by Call Put Strike a subsidiary of The Pony Group LLC. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. Stock recommendations and comments presented on CallPutStrike.com are solely those of the analysts and experts quoted. They do not represent the opinions of CallPutStrike.com on whether to buy, sell or hold shares of a particular stock. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation. Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. By using this site, you agree to the Terms of Use and Privacy Policy.