Market Recap – December 16th 💰

The major U.S. stock indexes ended last week with a decline of around 2%, marking the second consecutive week of losses. However, the drop was lower than the previous week. As the year nears its end, concerns about a potential recession continue to affect market performance.

Looking at specific investments, we’re watching Oracle and Dominos. Oracle reported solid results for the second quarter of fiscal 2023. Despite the tough economic conditions, particularly for the tech industry, the company’s impressive performance caught a few price upgrades on Wall Street. Some analysts believe Dominos is a long-term market share leader in the pizza industry due to its significant advantages in digital ordering, national marketing, and value. These efforts have contributed to the company’s growth in retail sales and market share in recent years.

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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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