Market Recap – March 30th 💰

Market Recap – March 30th

The markets had a great day, but it was not smooth sailing. After opening the day positive, the markets spiraled down and even went negative midday before coming back at the close. New jobless claims data along with the US GDP data left a good impression on investors, continuing Wednesday’s gains.

The market closed with the S&P 500 up 0.57%, the Dow Jones up 0.43%, and the NASDAQ up 0.73% with tech outperforming for the first time in a while. One of the tech companies that had a good day is Chinese company JD.com, up 7.82% to $44.40 after following Alibaba’s footsteps with their subsidiaries filing for IPOs in the Hong Kong stock market. There was also a major loser as Bed Bath & Beyond fell by 26.23% to $0.593 after attempts to raise $300 million in an offering as they sounded the alarm on bankruptcy once again.

 

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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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