Market Recap – August 19th 💰

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Market Recap – August 19th

Markets ended with a tumble as the S&P 500 finished down 1.29%, the Dow Jones down 0.86%, and the NASDAQ down 2.01%. Negative sentiment over the future performance of the stock market continued from Wednesday, breaking a streak of winning weeks. Wayfair fell by more than 20 percent after the company announced they were laying off nearly 5 percent of their workforce, with the CEO taking responsibility. On a bright note, Foot Locker rose by an unusual 20 percent on Friday as Ulta’s CEO Mary Dillon is taking over Foot Locker’s CEO position.

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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