Market Recap – June 8th
The markets struggled with the S&P 500 down 1.08%, the Dow Jones down 0.81%, and the NASDAQ down 0.73%. Investors are getting jittery awaiting the May inflation report and the next Federal Reserve meeting, which are set to happen in the next 7 days.
Altria was a victim of yesterday, falling by 8 percent, as banking firm Morgan Stanley downgraded their analyst rating. On the positive side, Alibaba rose by almost 15 percent as signs are pointing to China relaxing regulations on companies.
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.