Market Recap – October 7th
After a great start, the markets reversed massively, reverting to where they started last Monday. The S&P fell by 2.8%, the Dow Jones fell by 2.11%, and the NASDAQ fell by 3.8%. Jitters took control as markets are ready to brace for any hits that will come from this week’s economic data. AMD fell by 13.87% to $58.44 along with the rest of the chip industry following rules from the US government aimed to curb chip sales to China. Levi Strauss also fell on Friday, down 11.68% to $14.07 as they fell short on revenue numbers and annual numbers.
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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.