Market Recap – August 16th
The markets were mixed with the S&P 500 up 0.19%, the Dow Jones up 0.71%, and the NASDAQ down 0.19%. Strong retail earnings helped power the Dow to finish ahead of its counterparts, which lagged behind quite a bit. Cassava Sciences was a big winner post-market, rising by almost 25 percent as the CEO and a famous investor both bought shares of the company in recent filings. On the other hand, Sea Limited fell by 13 percent following a larger-than expected loss in their earnings, which contributed to the NASDAQ’s performance.
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.