Market Recap – March 10th
Markets reverted their short-term pop yesterday, falling once again considering the Russia and Ukraine conflict. More specifically, The Dow dipped about 350 points, The S&P 500 shed 1.3%, and the Nasdaq dropped 1.9%, pulled down by losses in Apple and Meta Platforms. Most of this comes considering Russian and Ukrainian negotiations seeing little progress on matters related to a cease-fire and safe passage for civilians to feel the country. Currently, we are watching Chipotle and Rivian. Chipotle has just announced a new limited-time chicken option for the US and Canada: Pollo Asado. The new protein is around 65 cents more expensive than the regular chicken option and is made with grilled chicken, garlic, fresh lime, guajillo peppers, and hand-chopped cilantro. Rivian Motors has fallen 57% so far this year, may soon be upping production. Some investors are giving the stock a second look.
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.