Market Recap – September 22nd💰

Market Recap – September 22nd

Following yesterday’s interest rate hike, investors now worry about a potential recession which translates to all three major indices. The S&P 500 fell by 0.84%, the NASDAQ Composite lost 1.37%, and the Dow Jones dropped down by 0.35%. One of the largest moves today was Caesars Entertainment, which fell 9.44% adding to its poor year of growth following the coronavirus pandemic. On the contrary, shares of Chinese travel company Trip.com grew 4.78% despite the rest of the market, reporting a smaller net loss than the previous quarter.

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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