Market Recap – December 13th 💰

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Market Recap – December 13th

Stocks traded lower on Monday, with the S&P 500 dipping below last week’s record level as traders awaited a Federal Reserve monetary policy decision later this week. The S&P 500 dropped 0.9% to pull back from a record high, Nasdaq had shed 1.4%, and lastly, the DOW fell 0.89%.

Meme  stocks AMC and GameStop tumbled 15.3% and 13.9%, respectively. Shares of the two companies likely dropped due to the growing impatience of investors as they await details about AMC and GameStop’s turnaround plans for the foreseeable future.

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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