Market Recap – January 21st ๐Ÿ’ฐ

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Market Recap – January 21st

Markets had an extremely rough end to last week with The Nasdaq Composite falling 2.7% to 13,768.92, The Dow Jones falling 450.02 points to 34,265.37, and the S&P 500 sliding 1.9% to 4,397.94. All in all, the markets have struggled to keep their footing. Things have been looking even worse in the crypto space, with Bitcoin falling from its November peak of nearly $70,000 to now around $35,000, and Ethereum sliding down nearly 35% since the start of the new year. Weโ€™ve been watching two specific stocks: Netflix and GM. Netflix, part of the well-known back of mega cap tech stocks โ€œFAANGโ€, dropped over 21% as analysts predicted they wouldnโ€™t even meet half the projected subscriber count in the first quarter of 2022. GM on the other hand saw some green as they began their investment of $35 billion into their electric vehicle development.

I am not a financial advisor and my comments should never be taken as financial advice.ย Investments come with risk, so always do your research and analysis beforehand.

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