Market Recap – January 14th
Markets last Friday ended with the Dow closing lower – primarily a result of the fourth quarter results from big U.S. banks. Conversely, the Nasdaq and the S&P gained in afternoon trading to close higher.
Specific stocks we’re watching are JPMorgan Chase & Co and Monster Beverage. On one hand, JPMorgan fell after seeing a poor performance in its trading sector. Moreover, soaring inflation rates and Omicron pushed to further challenge industry growth. On a different end of things, Monster Energy Co. is down 4.17% in the past 5 days after a deal to acquire craft beer and hard seltzer company, CANarchy Craft Brewery Collective LLC for $330 million.
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.