Market Recap – May 27th💰

Market Recap – May 27th

Markets saw a bit of a reversal at the end of last week, with all three of the major indexes closing higher than before. The Dow finished up 6.2% for the week and ended its longest losing streak, The S&P 500 gained 6.5%, and the Nasdaq gained 6.8%. At the core of these gains was the news on Thursday and Friday, more specifically, of strong retail earnings and reports of slowing inflation rates.

Looking at specific investments, we’re watching Ulta Beauty and American Eagle. Ulta Beauty saw a gain of 12.5% in light of better-than-expected quarterly earnings and revenue. American Eagle, on the other hand, dropped 6.6% after worse-than-expected quarterly earnings.

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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