Market Recap – August 2nd💰

Market Recap – August 2nd

The markets went from positive to negative with the S&P 500 down 0.67%, the Dow Jones down 1.23%, and the NASDAQ down 0.16%. Tensions between China increased as Nancy Pelosi began her visit to Taiwan, concerning markets. Oatly was a big loser on Tuesday, down 17 percent as their earnings disappointed investors and some products were recalled. When it comes to good earnings, Uber reported positive cash flow for the first time and beat on revenue, rising by 19 percent by the end of the day.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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