Market Recap – December 7th
Markets were pretty stagnant but mostly down on Wednesday with selling pressure continuing to mount onto the markets. Famous names on Wall Street continue to display negative sentiment towards the market and the economy, influencing investor decisions. The indices continued swinging up and down, with the S&P 500 down 0.19%, the Dow Jones up by less than 0.01%, and the NASDAQ down 0.51%. One of the biggest losers was Carvana, down 42.92% to $3.83 following a major risk of bankruptcy and analysts adjusting the price target to $1. This is a fall from grace for the company, falling 99 percent in a matter of months. On a more positive note, MongoDB rose by 23.23% to $178.30 following a strong earnings report headlined by great revenue numbers.
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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.