Market Recap – September 7th
The markets finally had an amazing day with the S&P 500 up 1.83%, the Dow Jones up 1.4%, and the NASDAQ up 2.14%. Tech businesses led the way as companies made more announcements, while oil prices fell. GameStop rose by 12 percent after hours following an earnings report where they witnessed a wider than expected loss. On the other hand, American Eagle Outfitters fell by 15 percent after hours as they reported a $42 million loss in the quarter due to problems with inflation.
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.