Market Recap – August 9th💰

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Market Recap – August 9th

Markets fell slightly yesterday, with The Dow Jones Industrial Average falling 0.18% today, to close at 32,774.41. Looking at specific investments we are watching Coinbase and Roblox. Coinbase, the crypto giant, fell around 3.5% in after-hours trading, due to missing analyst expectations on both revenue and earnings. Much of Coinbase missing these targets were due to the “crypto winter” seen in the second quarter. Roblox fell nearly 14% post-market after the company’s quarterly earnings came in below Wall Street expectations. This is because Roblox reported only 52.2 million daily active users in the quarter, less than expected and down from the first quarter.

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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