Market Recap – June 7th
The markets had a good day with the S&P 500 up 0.95%, the Dow Jones up 0.8%, and the NASDAQ up 0.94%. The day started negative with unfortunate financial news from the retail sector, but investors picked themselves up and things turned positive.
This retail news comes from Target, who was down almost 6 percent as they slashed their guidance and issued a profit warning. On the flip side, ExxonMobil went up by 5 percent as it was announced that they won a stake in a major Qatari gas project.
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.