Market Recap – August 18th 💰

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Market Recap – August 18th

The markets ended the week a bit choppy as investors had their eyes on this upcoming week. After a slow start to the day, indices picked it up with a strong final hour of trading. The week finished with the S&P 500 down 0.01%, the Dow Jones up 0.08%, and the NASDAQ down 0.20%, displaying the tech sector’s underperformance on the day. One of the tech culprits was Keysight Technologies, which fell by 13.78% to $129.37 because they reported poor guidance for the coming quarters despite recording an earnings and revenue beat, not only bringing the NASDAQ down but the S&P 500 too. On the flip side, Dolby Laboratories rose by 10.40% to $84.81 after S&P announced that they are going to add the company to their MidCap400 index, a very promising sign.

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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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