$525 billion. That was Exxon's market capitalization at its peak in 2007; it's now down to about $175 billion. To compare, Wells Fargo has fallen to about $123 billion from a high of $320 billion at the start of 2018.It's been a terrible year for cyclical sectors like energy and financials, which tend to outperform during periods of economic prosperity but fall hard during recessions.
banks," Fitch Ratings analysts said in a note December 15, reiterating a negative rating for the sector and saying performance shouldn't ramp up until later in the year once vaccination efforts prove economically fruitful.
ElItalianoFB
Cue the worlds tiniest violin...
good.
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Shoulda put their treasuries into Bitcoin, Right Uncle Saylor? michael_saylor
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Mike Santoli’s market notes: Stocks taking a breather, Apple is up as the market rebalancesNew for subscribers: Mike Santoli’s market notes: Stocks taking a breather, Apple is up as the market rebalances. Check out CNBCPro today.
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Stock market live updates: Nasdaq futures fall, Tesla in bear market, Home Depot declinesNew for subscribers: Stock market live updates: Nasdaq futures fall, Tesla in bear market, Home Depot declines. Check out CNBCPro today. Pro Tesla buying bitcoin was the equity and bitcoin top.
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Mike Santoli’s market notes: Too early to say if this is a durable market comebackThis is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Pro It's not a comeback. Nasdaq is still in red. Pro WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
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