Market Recap – August 28th
On Monday’s trading day, markets made measly progress towards higher price targets as investors continued to battle against short sellers and bond yield fears. With the market attempting to justify the surge in performance lasting almost a year, several still hold enough skepticism and caution, pushing back and waiting for more data and the next Federal Reserve interest rate decision. For the broad indices, the S&P 500 rose 0.63%, the NASDAQ Composite went up 0.84%, and the Dow Jones grew 0.62%. Two companies that saw relatively major signs of market upside were Boston Scientific and 3M. Share prices of medical device maker Boston Scientific rose 5.99% following headline successes for treatment alleviating abnormal heartbeats. 3M, one of the world’s largest industrial conglomerates, grew by 5.22% in the markets as they were cited to reach a settlement over lawsuits from combat ear plugs.
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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.