Market Recap – May 6th💰

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Market Recap – May 6th

The markets had an off day to close the week with the S&P 500 down 0.57%, the Dow Jones down 0.3%, and the NASDAQ down 1.4%. Concerns about interest rates continued to plague the markets as we are nearing the close of earnings season. Speaking of earnings, Under Armour saw their shares collapse by 25 percent due to unexpected losses and a slashed guidance. On the positive side, Cigna rose by 7 percent due to good earnings and increased membership.

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.

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