Market Recap – August 23rd 💰

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Market Recap – August 23rd

Yesterday The Dow Jones fell 156.42 points, or 0.5%, after the index tumbled 643 points in the previous session. The S&P 500 declined 0.2%, while the Nasdaq Composite finished little changed. Today we are watching XPeng and Palo Alto. XPeng,  who reported their second quarter financial results with revenue of RMB7,436.3 million, a 97.7% increase year-over-year. Palo Alto posted better than expected results for the last quarter. The company also declared a 3-for-1 (due September 6th) stock split and expanded its stock repurchase program by $915 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.

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