The markets were mostly higher again today as the tech space saw a rebound off yesterday's lows. The Dow 30 was lower by 110, the S&P 500 lost 9, and the Nasdaq 100 sold off another 13 as it struggles to hold on to recent highs. Tomorrow traders will get a look at employment numbers, along with economic optimism and crude oil inventories which can all be market moving news releases. Government shut down news has also been creeping up in the news though it is widely believed that their will be a continuing resolution agreement that lasts at least two weeks.
Amazon (NASDAQ: AMZN) recovered 0.67% today on news that the company is launching orders in Australia. The company, along with Nasdaq names have struggled this week which pulled Amazon off its high set just a few trading days ago. The stock is lower by about 6% since hitting that high but still maintains a healthy 52% gain on the year.
Discovery Communications (NASDAQ: DISCA) sold off 4.75% today following confirmation that the company will pay 70 million for a majority stake in the Oprah Winfrey Network. The stock has suffered steady declines since summertime while it struggled to find viewers to its networks. For the year DISCA is lower by almost 30% though in just the last few days, pent up excitement around the deal has caused a significant rally off lows.
Mastercard (NYSE: MA) was the latest name to announced a share buyback program today. The company announced that it has approved a $4 billion share repurchase program which sent shares higher by 1.19% on the day. The credit card processor has enjoyed a healthy gain this year of around 40% as transactions have been on the rise. Visa (NYSE: V) was lower by 0.28% on the news.