Market Recap – March 14th
The markets had a slight rebound yesterday with the Dow popping up 400 points on Monday following a sharp price drop in oil after its strong rally. The Dow Jones Industrial Average gained 400 points, or more than 1%, while the S&P 500 climbed 0.9%. The Nasdaq Composite added about 0.3%. The cool down on oil saw U.S. crude futures sliding around 8% and West Texas Intermediate hitting a $100 price point for the first time since Feb. 24. Looking at more specific investments, we are watching Alibaba and NIO, both Chinese companies. Both stocks as well as other Chinese stocks tumbled as they were listed on the U.S. stock exchange.
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.