Market Recap – January 6th
Markets were less volatile with the S&P 500 down 0.10%, the Dow Jones down 0.47%, and the NASDAQ down 0.13%. The markets were still down, but nowhere close to Wednesday’s losses. For the first time in a while, the Dow Jones lagged behind the other sectors, and tech performed well today. GameStop saw a rapid increase in their share price as they announced their plans to release NFTs, which interested their investors heavily. Their share price is up more than 20 percent after hours! Beyond Meat also opened the day with positive news as it was announced that KFC is releasing plant-based fried chicken in a partnership, sending their share prices up more than 10 percent.
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.