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, weโre 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.