Market Recap – December 13th
On Tuesday, the Dow Jones Industrial Average rose 0.30%, closing at 34,108.64. The best-performing sectors were Real Estate and Energy, which rose 2.04% and 2.01%, respectively.
Looking at specific investments, we’re watching Amazon and Netflix. Amazon announced that it had its most prominent holiday shopping weekend ever at the end of last month. The company reported that customers worldwide purchased “hundreds of millions” of products during the Thanksgiving holiday shopping weekend. Doug Herrington, CEO of WW Amazon Stores, commented, “This was a record-breaking holiday shopping weekend for Amazon. Customers shopped millions this weekend, and we have many more amazing deals to come.” Netflix’s stock price has been hit hard this year, down 44.85% year-to-date. However, over the last six months, NFLX stock has recovered by 94.16%. As of Tuesday, NFLX stock is trading higher by 4.53% at $329.50 per share.
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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.