Market Recap – August 10th
Yesterday stocks performed well after a key inflation reading showed a better-than-expected slowdown for rising prices. Looking at specific indexes, the Dow Jones Industrial Average jumped 1.63%, the S&P 500 2.13%, and the Nasdaq Composite 2.89%.
Looking at specific investments, we’re watching Boeing and Ford. Boeing saw big news, delivering the 787 Dreamliner since 2021, finally ending the pause over manufacturing flaws. Ford has recently increased the price on their F-150 Lightning to help offset surging battery costs. Long term, Ford is investing in longer-term solutions to pull down battery costs.
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.