Market Recap – December 15th
The Dow fell lower by 2.25% yesterday to close at 33,202.22. The Information Technology and Communication Services sectors were the biggest losers, down 3.77% and 3.37% respectively.
Looking at specific investments, we’re watching Lennar and Novavax. Lennar fell 2.6% in the premarket after forecasting a slowdown in orders for new homes due to increasing mortgage rates as well as lower-than-expected earnings for its latest quarter. Novavax also fell a whopping 9.2% in premarket trading due offering $125 million common stock and $125 million offering of convertible debt.
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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.