Market Recap – August 29th 💰

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Market Recap – August 29th

On Tuesday’s trading day, markets pushed prices further to recover previous losses, with the rest of the earnings season contributing heavily to better investor sentiment. Tuesday’s trading day marked the third straight day of gains for the market as investors hope to spur an end-of-month rally going into September. The S&P 500 rose 1.45%, the NASDAQ Composite went up 1.74%, and the Dow Jones grew 0.85%. Alongside the broader market successes, one stock to experience their share price skyrocket was Big Lots. Discount retailer Big Lots saw gains of 26.75% after both revenue and earnings numbers for the quarter ended hotter than estimated. Another retailer to see moderate gains was Best Buy, with its stock price rising 3.86% after they also reported top and bottom-line beats for their previous fiscal quarter.

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