Diamonds and Dogs
LyondellBasell Industries is up on shares today to $107.30 per share, which is a 4.72% increase. The American multinational chemical company headquartered in Houston, Texas saw its shares increase after a much better than expected second quarter. The prolific second quarter for LYB is due in part to the company's American olefins and polyolefin segment of their industry. Earnings rose 38.8% and the posting saw the stock hit its 52-week high of $107.30 today.
Amazon is tanking on this day down 10.22% to $321.89 a share. The American international electronic commerce company dragged the stock market down on Friday after they posted a much wider loss in revenue than analysts had forecasted. The reason for the dismal results is believed to be them being hit by expenses from expanding the company into new areas and products. Amazon was the largest decliner of the day and will look to recover from this setback in the long-term.