Market Recap – March 27th 💰

Market Recap – March 27th

Markets were mixed to start off the week as the NASDAQ seemingly ran off course from the rest of the indices. The buyout of Silicon Valley Bank helped push bank stocks out of the crater they have been in, along with the rest of the broader market despite some midday fluctuations. The bell rang with the S&P 500 up 0.16%, the Dow Jones up 0.60%, and the NASDAQ down 0.47% as tech simply did not have a good day.

One of these tech names is Coinbase, which fell by 7.80% to $62.54 after weeks of constant rallies as the CTFC filed a lawsuit against crypto exchange Binance for trading violations. Carnival, on the other hand, was a bit more confusing, falling by 4.77% to $8.79 after opening the day green. This is due to their first quarter earnings, where they reported a beat on earnings but guidance disappointed investors.

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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.

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