Market Recap – February 23rd 💰

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Market Recap – February 23rd

The markets had quite the swings on Thursday. After opening positive, the indices cratered midday just to come back in the closing hours to end positive, clearly showing the confusion flooding our stocks. This rather weird day ended with the S&P 500 up 0.53%, the Dow Jones up 0.33%, and the NASDAQ up 0.72%.

One of the biggest winners was Nvidia, up 14.02% to $236.64 after reporting blockbuster earnings due to the rise in demand for AI chips, which Nvidia is one of the market leaders at. Contrary to the market, Lucid fell by 11.92% to $8.79 after missing fourth-quarter revenue estimates and cutting production estimates, a negative mark for the entire industry.

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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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