Market Recap – December 28th

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Market Recap – December 28th

On Wednesday, U.S. stocks fell further, continuing the significant decline at the end of 2022. The S&P 500 index declined 1.2%, with the Dow Jones Industrial Average falling 1.1% or 366 points and the Nasdaq Composite dropping 1.4%. Looking at specific investments, we’re looking at Apple and Capital One Securities. Apple’s shares fell 3.1%, continuing its steak of falling over the last three days. Kala Pharmaceuticals, a biopharmaceutical company, experienced a significant increase of 218.4% after the Food and Drug Administration accepted its investigational new drug application for a potential treatment for persistent corneal epithelial defects.

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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.

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