Market Recap – March 25th
The markets were mixed on Friday with the S&P 500 up 0.51%, the Dow Jones Industrial up 0.44%, and the NASDAQ down 0.16%. Investors looked to the upcoming economic data along with the ongoing conflict between Russia and Ukraine as the United States announced further sanctions the day before. Tilray, along with other cannabis businesses, saw their shares rise by more than 20 percent on Friday with a House panel scheduling a vote next week to decriminalize marijuana, which would help boost the industry. On the other hand, Upstart Holdings saw their share price fall by more than 20 percent as analyst David Chiaverini downgraded the stock to “sell”, with his price target now sitting at $75.
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.