Market Recap – July 22nd💰

Market Recap – July 22nd

The markets took a step back with the S&P 500 down 0.93%, the Dow Jones down 0.43%, and the NASDAQ down 1.87%. The earnings of social media companies shook the markets, explaining why the NASDAQ lagged behind the other two.

Affirm fell 10 percent as US manufacturing data looked bleak, signaling a weak economy that would hurt the business. On a positive note, Hanger shares jumped up by 25 percent as it was announced that healthcare investment firm Patient Square Capital would take them private in a $1.25 billion deal.

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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