Stock Market News: Aurora Goes to Pot; No Fun for Six Flags
The stock market continued to make modest gains on Friday morning, sending most major benchmarks to new record levels. Enthusiasm about the prospects for continued economic growth have many investors feeling more confident than ever. As of 10:45 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) had climbed 15 points to 28,972 after having been above 29,000 briefly earlier in the session. The S&P 500 (SNPINDEX: ^GSPC) gained 5 points to 3,280, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 27 points to 9,229.
Marijuana stocks have been stuck in reverse for much of the past year, and Aurora Cannabis (NYSE: ACB) just got votes of no confidence from Wall Street analysts that could point to tougher times ahead. Meanwhile, Six Flags Entertainment (NYSE: SIX) is well known for its theme parks, but concerns about how well it could do internationally weighed heavily on the stock today.
Shares of Aurora Cannabis fell 7% Friday morning, continuing to lose ground after a horrific 2019. Analysts are starting to lose confidence in the cannabis company, and shareholders aren't taking the news well.
Source Fool.com
