Market Recap – February 22nd 💰

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Market Recap – February 22nd

The markets returned to their choppy nature, trading gains and losses throughout the day. The Fed minutes had a major role in swaying investor sentiment on Wednesday, leaving a sense of confusion regarding how the central bank would go ahead and implement these changes. The closing bell rang with the S&P 500 down 0.16%, the Dow Jones down 0.26%, and the NASDAQ up 0.13%.

For the first time in the past week, tech outperformed with the NASDAQ being the only index positive on the day. Although not a tech stock, Wingstop rose by 7.70% to $179.00 following amazing sales growth in part to their new chicken sandwiches, a worthwhile investment on their end. On the energy side, Transocean fell by 10.82% to $6.10 after reporting a major loss per share and lagging revenue estimates as investors are still seeking the value in the stock.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

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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