Market Recap – August 15th
The markets shook off a rough start with the S&P 500 finishing up 0.4%, the Dow Jones up 0.45%, and the NASDAQ up 0.62%. Oil prices have declined, and Chinese economic data was the highlight of today. Revlon shot up by 30 percent after Morgan Stanley revealed a surprise investment in the company that filed for bankruptcy protection a few days ago. On the flip side, Unity fell by 7 percent as the board rejected AppLovin’s $17.5 billion buyout bid and instead merge with ironSource.
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.