Market Recap – March 13th šŸ’°

Market Recap – March 13th

The Dow Jones Industrial Average fell 0.28% yesterday to close at 31,819.14. The Financials and Energy sectors were the biggest laggards, down 2.99% and 2.20%, respectively.

Looking at specific investments, weā€™re watching United Airlines and First Republic Bank. United Airlines saw a 6.5% drop in its shares following the release of its profit warning for the first quarter, stating an adjusted loss of $1.00 to 60 cents per share compared to its prior guidance of earnings of 50 cents to $1.00 per share. Consensus expectations were also lower at 65 cents per share, as reported by FactSet. Meanwhile, First Republic Bank’s stock rose 10% in after-hours trading after plunging 61.8% during regular trading on Monday due to concerns over contagion risk from Silicon Valley Bank.

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.Ā Investments come with risk, so always do your research and analysis beforehand.

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