Market Recap – January 9th 💰

Market Recap – January 9th

The markets had a mixed day to open the week, but more notably all 3 indices were up in the morning by a solid margin. However, in the afternoon, we witnessed the market slide, leading some indices to give up their gains. At the end of Monday, the markets closed with the S&P 500 down 0.08%, the Dow Jones down 0.34%, and the NASDAQ up 0.63%. It was a strong day for tech indeed, with economic news favoring them.

Coinbase finished the day up 15.06% to $38.27 as the crypto markets had one of their best days. Additionally, analysts believe that Coinbase can benefit from the downfall of FTX. Unfortunately, some shares took a hit including Lululemon, who fell by 9.29% to $298.66 following a profit warning they issued in the morning. This is concerning because this warning is in relation to the holiday season, which could be a bad sign for the economy.

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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.

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