Market Recap – August 8th
Market performance was mixed yesterday, with both the NASDAQ and S&P falling slightly into the red, while the DOW moved slightly into the green. Looking at more specific investments, we’re currently watching Novavax and Google. Novavax, the biotech company, saw its stock drop 32%, after seeing a cut in their full-year revenue due to poor demand for its Covid vaccines. Google also saw some unwelcome news with a rare outage event occurring for certain users. Indeed, over 40,000 people reported that Google was down for them around 9.20 p.m. ET yesterday.
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.