Market Recap – August 24th
The markets finished positive with the S&P 500 up 0.29%, the Dow Jones up 0.18%, and the NASDAQ up 0.41%. Jackson Hole didn’t create as much fear as expected, keeping investors happy for now. Peloton rose by 20 percent following a partnership announcement with Amazon, creating new hope for the company. On the retail side, Nordstrom fell by almost 20 percent as they’ve had to slash their forecast due to high inventories.
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.