Market Recap – March 2nd 💰

Market Recap – March 2nd

On Thursday’s trading day, markets began low, however, were able to shake off any interest-rate-related worries as the day went on. In the afternoon, Atlanta Federal Reserve President Raphael Bostic solidified his stance in approval of quarter-point hikes, lessening worries over the Fed’s aggressive tightening cycle. The S&P 500 climbed 0.76%, the NASDAQ Composite went up 0.73%, and the Dow Jones just rose by 1.05%.

One of the biggest winners of the day was CRM leader Salesforce, shares of which grew by 11.49% following a shockingly successful earnings report. On the negative front, shares of Tesla lost 5.85% after an Investor’s Day that didn’t deliver on providing clear guidance ahead.

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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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