Market Recap – August 29th
Stocks fell on Monday as traders fought to regain their footing from the prior week’s sell-off amid increasing concerns over rising rates and tighter U.S. monetary policy. The Dow Industrial Average slid 0.57%, to 32,098.99. The S&P 500 slipped 0.67% to 4,030.61, and the Nasdaq Composite slumped 1.02% to 12,017.67.
Two stocks we are watching are Bed Bath and Beyond and American Virtual Cloud Technologies. The retail company recently went up about 25% as prices went from $10 to about $13. The other notable stock, American Virtual Cloud is up about 156% as prices rose from around 14 cents to 37.
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.