As for Boeing’s culpability, a reader says: “When people die needlessly, someone should be held responsible. Boeing.”
Another contributor agrees…
“The feds should bring criminal charges against Boeing.”
“The price of gold is missing a digit,” a reader pointing out a typo. And another eagle-eyed reader says: “I want a ton of gold at $1,13.30 — whatever that is!”
To correct my error yesterday, the price of gold was $1,513.30 per ounce. Read on for today’s price…
Your Rundown for Friday Dec. 27, 2019:
The tech-heavy Nasdaq-100 Index locked in its tenth record-high in a row Thursday, finishing above 9,000 points for the first time in its 48-year history.
That’s the longest winning streak, too, for the index since 2009.
And two major tech stocks — highlighted at The Rundown several times this year — have helped the Nasdaq clinch a 36% return year to date. Of course, we’re talking about Microsoft and Apple.
As for Microsoft, the cloud-computing segment of its business has really taken off, and the Pentagon only confirmed it will continue to do so when it awarded Microsoft with the $10-billion JEDI contract.
Microsoft’s impressive. And, if you follow the smart money, MSFT is currently ranked first of the 30 most popular stocks among hedge funds. For good reason: Microsoft is up 56.2% since Jan. 1, 2019.
A close second among the hedge fund set is Apple. The Cupertino-based company’s gotten a boost from its non-iPhone segments this year, especially services and wearables, with increased adoption of Apple Pay and Apple Music subscribers.
And we’d dare say Apple Watches and AirPods were some of the most popular gifts this holiday season. (By the way, both wearable devices have captured almost half of the smartwatch and wireless headphone markets.)
Talk about impressive — AAPL is up a staggering 82.9% this year.
So here’s a question for investors: What’s next for the Nasdaq? Can the streak continue in 2020? And can MSFT and AAPL keep reeling in astonishing returns?
Market Rundown for Friday, Dec. 27, 2019
S&P 500 futures are up 8 points to 3,253.
The price of oil’s pat at $61.74 for a barrel of West Texas crude.
Gold is up $1.60 per ounce to $1,516.00.
Bitcoin’s added $51.73 to its price of $7,285.98.
Enjoy your weekend, and we’ll talk Monday. In the meantime, check out Saturday’s “best-of” issue.
For the Rundown,