Market Recap – April 8th
This past Friday U.S stocks fell slightly lower due to further investor expectation for tighter monetary policy from the Federal Reserve. Indeed, both the S&P 500 and Nasdaq pulled back from three consecutive weeks of gain before Friday in which the S&P 500 dipped 0.27% and The Nasdaq Composite fell 1.34%. Watching specific investments, both Target and UPS may be worth keeping an eye on. Target shares have risen 2.3% in reaction to its naming as a top pick in retail by Barclays, which has rated the stock undervalued. UPS stock on the other hand has dipped around 1% in reaction to Bank of America downgrading them due to “deteriorating demand” for transport 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.