Market Recap – March 8th
On Wednesday’s trading day, investors gazed upon new job data for the previous two months, creating a volatile trade environment. Coupled with more words said by Fed Chair Jerome Powell, markets finished fairly flat, with general gains across the indices. The S&P 500 rose 0.14%, the NASDAQ Composite went up 0.40%, and the Dow Jones just fell by 0.18%.
Despite the volatility in broader indices, markets saw two larger losers of the day: United Natural Foods and Lulu’s Fashion Lounge. United Natural Foods, an organic food company, posted earnings and guidance that were far weaker than expected, causing shares of the company to decrease by 28.05%. Fashion company Lulu’s recently had leadership changes and weaker earnings, shedding 16.72% at market close.
Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!
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.