Market Recap – March 15th💰

Market Recap – March 15th

The Markets have had quite a rough ride the last few weeks with only a few random and hard-to-catch pops in major indexes benefiting mostly well-timed traders. Yesterday the markets had one of those days with The S&P 500 rising for its first gain in four days, as oil prices continued to drop further below $100 and the inflation readings coming in not as bad as expected. The Dow Jones Industrial Average added 1%. The S&P 500 rose 1.2% (still about 12% from its record) and The Nasdaq gained about 1.6%. Looking at two specific stocks we’re watching Microsoft and Nike. Microsoft recently entered the emerging and fast-growing Web3 space by investing in Ethereum co-founders start-up ConsenSys. The investment marks the continuing trend of increased investment in the emerging tech sub-sector. Funding for blockchain start-ups rocketed eightfold in 2021.

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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