Market Recap – December 9th
The Dow Jones Industrial Average fell 0.90% on Friday to close at 33,476.46. The Energy and Health Care sectors were the biggest laggards, down 1.83% and 0.85%, respectively. Looking at specific stocks, we’re watching Hershey and Diageo. Hershey reported Q3 2022 earnings of $2.17 per share and revenue of $2.7 billion. Diageo, a drink company, announced it will acquire Balcones Distilling, a Texas craft distiller, as well as one of the leading producers of American Single Malt Whisky in the United States.
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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.