Market Recap – August 16th💰

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.

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