Dow Hits Record High; Nasdaq Loses Its Grip on 4,000

The Dow Industrial Average has managed to gain just a little bit, causing them to hit a record high. Nasdaq managed to hit the 4,000 mark, which is a 13 year record, but then it fell shortly after. Stock values for energy according to the S&P energy index have fallen 0.8 percent when a deal that will reduce sanctions on oil producers in Iran was announced. Even though the announcement that Iran is going to be cutting back its nuclear program, and there’s a lot of positive feelings about their movement to become less threatening, there’s still no sign that the nuclear cutbacks will come with an increase in oil exports. However, the lack of sanctions is likely to stimulate the oil economy further in Iran. There’s not expected to be a lot of volume for trading at this time, as the Black Friday holiday is approaching. This day is a hectic time when many shoppers are running around in a panic looking for deals for their holiday shopping. That’s only going to ensure that the market stays pretty volatile, and the big focus is on retailers that are highly active during the holiday shopping season.

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