Market Recap – March 24th
The markets made a gradual comeback on Friday after starting down in the early hours of trading. A midday rally finished what has been a mixed week as bank fears continued to worry investors. The markets ended the week with the S&P 500 up 0.56%, the Dow Jones up 0.41%, and the NASDAQ up 0.31% as tech lagged.
Despite the odd investor behavior, Activision Blizzard found themselves up 5.91% to $84.39 after regulators from the United Kingdom softened their stance on the potential buyout by Microsoft. That has been the number one roadblock to completing the deal, which would be beneficial for both parties. A company who didn’t comeback with the indices is Scholastic, who fell by 22.27% to $32.12 after seeing a decline in sales and higher losses, marking a step back from last quarter.
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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.