Market Recap – June 15th 💰

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Market Recap – June 15th

On Thursday’s trading day, markets started lower as investors digested Wednesday’s comments from Jerome Powell, however, positive price movements continued the recent month’s momentum leading to gains at the bell. As uncertainty continues to diminish, investors continue to believe in the Fed’s action and have squashed any worries over the strength of the banking industry. For the broad indices, the S&P 500 rose 1.22%, the NASDAQ Composite went up 1.15%, and the Dow Jones grew 1.26%.

One of the leaders in gains for the day was global pizza chain Domino’s, shares of which grew 6.46% after analysts claimed stable delivery sales should contribute to robust revenue growth. Another winner for the day was auto parts retailer AutoZone, growing 4.08% after a stock repurchase of $2 billion common stock.

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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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