CAPIS Morning Note – 08/19/22: Stocks Lower As Bitcoin Plummets Down Over -8%
Morning Note
Morning Note
posted by CAPIS on 08/19/2022 at 8:16 am
by CAPIS on 08/19/2022
Overnight Summary: The S&P 500 closed Thursday at 4283.74 (higher by 0.23%) from Wednesday at 4274.04 (lower by -0.72%). The overnight high of 4289 was hit at 5:00 p.m. EDT. The low was hit at 4241 at 6:45 a.m. EDT, a range of 48 points high to low which is around the range of late with 45 the average range. At 7:20 a.m. EDT the current price was 4243 which is -1.01% and -43 points. Currently, at 8:00 a.m. EDT the S&P 500 is now down -37 points. Breaking News: General Motors (GM) GM: Board of Directors has authorized the reinstatement of a quarterly cash dividend on the company’s outstanding common stock at a rate of $0.09 per share. The first dividend will be paid on Sept. 15, 2022, to shareholders of record as of the close of business on Aug. 31, 2022. GM also announced it will resume opportunistic share repurchases. This week, the Board increased the capacity under the company’s existing repurchase program to $5.0 billion of common stock, up from the $3.3 billion previously remaining under the program. MEME Mania!: As the big swinging MEME stocks of BBBY, GME, AMC are back in the spotlight, we wanted…