Market Recap – December 8th
After a red streak spanning the length of one business week, the markets finally had a solid green day on Thursday. Individual stocks ended up bringing the indices further up, clearing fears of an economic downturn for now. Roaring in the late afternoon, most stocks performed well with the S&P 500 up 0.75%, the Dow Jones up 0.55%, and the NASDAQ up 1.13%. NVIDIA was one of the big winners, up 6.51% to $171.69 along with many tech businesses due to the positive unemployment numbers that could impact the interest rate decision. Unfortunately, this momentum didn’t carry to the after-market hours as Lululemon fell by 7.51% to $346.40 following a disappointing earnings report.
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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.