Market Recap – March 6th
To start the new week, markets initially bounced, with the S&P 500 testing levels around 4,080. However, investors became mixed as the day went on, pricing in their predictions of Fed Chair Powell’s speech the next morning. At the bell, indices remained flat, with the S&P 500 rising 0.07%, the NASDAQ Composite going down 0.11%, and the Dow Jones just climbing by 0.12%.
On the positive front, social media platform Snapchat had its best day since November, growing 9.48% after competitor TikTok faces more legal woes. Another big winner of the day was Domino’s Pizza, which saw its shares increase by 3.79% after new positive sentiment following a rough month for the pizza chain.
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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.