Market Recap – April 5th
On Wednesday’s trading day, markets were volatile as investors continued to gain newer information on job growth and upcoming earnings. Private payroll data further signaled claims of slowing economic growth, which has recently kept investors defensive over fears of a recession. The S&P 500 dropped by 0.25%, the NASDAQ Composite went down 1.07%, and the Dow Jones just rose by 0.24%. One stock that was clear in the green was pharmaceutical company Johnson & Johnson, which saw its shares climb 4.49% after pledging $8.9 billion to tackle health allegations for certain products. On the other end, shares of struggling retailer Bed Bath & Beyond plummeted 4.75% following news that ReStore Capital will purchase around $120 million in assets from Bed Bath & Beyond in the form of merchandise.
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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.