Market Recap – July 7th
The Dow Jones Industrial Average gained 249 points, or 0.8%. The S&P 500 and Nasdaq Composite were up 1.1% and 1.6%, respectively. The S&P 500, which sits about 20% off its record high, seems to be looking for its first four-day winning streak since late March.
Looking at specific investments, we’re watching Netflix and Etsy. Each of these stocks have been losers thus far. Netflix has lost over 75% over the past six months in light of increasing competition with other streaming platforms and less overall choices in show options. Etsy has also seen a major dip in prices, with an over 50% drop in the last few months. There’s been a turnaround for Etsy though, with the stock rising over 20% in the past few days.
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.