Market Recap – February 13th 💰

Market Recap – February 13th

Following a disappointing week, the markets came back roaring on Monday ahead of the inflation report everyone and their mother is awaiting. Investors could be pricing in the results of the report, meaning if results are disappointing this 2023 rally could cease to exist. The market closed with the S&P 500 up 1.14%, the Dow Jones up 1.11%, and the NASDAQ up 1.48%. O

ne of the biggest winners, in true Monday fashion, was Monday.com rising by 10.90% to $145.58. This is because of an earnings report that displayed an earnings beat and strong revenue growth from the year before. However, there were some big losers like Sorrento Therapeutics, who fell by 72.64% to $0.2572 after filing for a Chapter 11 bankruptcy.

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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.

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