Market Recap – August 12th
The markets ended the week positive with the S&P 500 up 1.73%, the Dow Jones up 1.27%, and the NASDAQ up 2.09%. Stocks rode the waves from a hot inflation report that was released on Wednesday. Peloton rose by 13 percent after announcing multiple business changes that include raising prices on exercise bikes and laying off 800 people. Bed Bath and Beyond rose by more than 20 percent not due to a change in company operation, but instead a rise in volume as a meme stock rally is underway.
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.