Market Recap – December 27th
Market indices enjoyed a nice, green day on Monday with the S&P 500 up 1.38%, the Dow up 0.98%, and the NASDAQ up 1.39%. Most sectors were up, but the technology sector outpaced them all due to a nice streak of catalysts. One stock that particularly shined was Meta Platforms, with analyst firm KeyBanc having a strong outlook on their Oculus VR headsets, which is vital for the company’s future as they dive into the metaverse. Another positive tech name was AMD, following the positive sentiment in other tech names with investors hoping that the semiconductor shortage slows down in the next year.
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.