D20 Up, Dow and S&P 500 Down
While the Dow Jones Industrials and the S&P 500 took slight hits this week, the Driverless Transportation (D20) Stock Index gained a modest 0.2 percent to close at 153.257. Gainers outnumbered losers 12 to eight.
Google (GOOG) had the largest absolute gain this week adding $9.69 and ending at $635.30. The largest percentage gain was made by NVIDIA (NVDA), adding a whopping 15.2 percent and ending the week at $22.98. NVIDIA shares were boosted on unexpectedly strong results for its 2nd quarter earnings.
KVH Industries (KVHI) lowered its 2015 earnings expectations and took a D20 Index leading 9.9 percent loss on its stock price, ending the week at $11.06. Tesla (TSLA) was also hammered, losing $23.64 and falling to $242.51 as it announced disappointing 2nd quarter earnings.
The big news this week was that Nokia (NOK) sold its HERE mapping unit to a consortium of automakers including Audi (owned by Volkswagen – VLKPY), BMW, and Mercedes (owned by Daimler - DDAIF). This sale may force a re-evaluation of Nokia’s inclusion in the D20 Index as the HERE unit was the sole reason Nokia was originally included.
Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.
