Market Recap – September 21st
After a lot of volatile movement following the Fed’s interest rate hike of 75 basis points, stocks finished down with the major indices suffering some losses. The S&P 500 dropped 1.71% ending at 3,789.93, the NASDAQ Composite went down 1.79% to 11,220.19, and the Dow Jones fell 1.70% down to 30,183.78. On the bright side, consumers seemed to not let off any spending when it came to food, which yielded some positive earnings and prompted both General Mills shares to rise 5.72% and Kellogg’s shares to rise 2.01%.
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.