Market Recap – June 29th💰

Market Recap – June 29th

Stocks traded sideways yesterday as the market struggled to fight off more sell pressure. Opinion after opinion seems to point towards the worst, yet some are still optimistic about the depth a prospective recession will see.

Looking at specific investments, we’re watching Carnival and General Mills. Carnival, the cruise line operator, crashed 14.1% after Morgan Stanley cut its price target on the stock in light of its high debt levels. On the other hand, General Mills gained around 6.4% after earnings beat expectations.

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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