Market Recap – May 11th
The markets fell after economic data was released with the S&P 500 down 1.65%, the Dow Jones down 1.02%, and the NASDAQ down 3.18%. The CPI inflation data fell below the mark, further disappointing investors. Beyond Meat fell by more than 20 percent after hours as their earnings missed the mark by a lot, and Unity Software experienced the exact same thing, falling by 37 percent in market hours, showing a display of weak earnings in the stock market.
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.