Market Recap – March 21st💰

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Market Recap – March 21st

Yesterday Markets slipped lower on news from Federal Reserve Chair Jerome Powell. Powell indicated that the central bank could be more aggressively lifting interest rates as a next step. In reaction to this, the Dow dropped 0.6%, the S&P 500 was essentially neutral, and the Nasdaq Composite fell 0.4%. Looking at more specific investments, Nio and Blackberry are under our watch. Nio rose nearly 50% last week upon news that, unlike competitors, NIO had no immediate plans to raise prices on its electric vehicles. Blackberry also saw good news with RBC upgrading them to underperform.

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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