Market Recap – March 23rd
The markets were swinging up and down throughout the day, being up as much as two percent and down as much as half a percent. Volatility was present as investors continued their post-Fed reactions, but fortunately the markets ended up on the right side this time. The indices ended the day positive with the S&P 500 up 0.30%, the Dow Jones up 0.23%, and the NASDAQ up 1.01% as technology companies had a quite exquisite day.
One of the biggest tech winners was Netflix, up 9.01% to $320.37 following great news regarding their ad-based subscription option. The ad subscription already has 1 million subscribers, which is a major success for the company. Not all tech did well though, with Block down 14.82% to $61.88 following a scathing report from short-sell firm Hindenburg Research, accusing them of avoiding regulation and having inflated metrics.
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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.