Market Recap – June 23rd 💰

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Market Recap – June 23rd

All major indexes saw a rebound yesterday, with the Dow Jones rising 2.2%, the S&P gaining 2.5%, and the Nasdaq Composite gaining 2.5%.

Looking at specific investments, we’re watching WeWork and Snowflake. WeWork jumped over 15% after Credit Suisse gave it an outperform rating and $11 price target, a price over double its Wednesday closing level. The reasoning for this is that Credit Suisse will benefit from a first mover advantage. Snowflake, a cloud data provider saw its shares advance 12.4% after JPMorgan upgraded them to overweight.

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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