Market Recap 29th December 💰

Market Recap – December 29th

Yesterday U.S. stocks saw a significant mid-day increase, with technology stocks driving the surge. Tesla experienced a second consecutive day of growth, recovering some of the losses it sustained earlier this month. The Nasdaq index rose by more than 2%, while the S&P 500 and Dow both saw increases of over 1%. Looking at specific investments, we’re watching Southwest Airlines and Lockheed Martin. Southwest Airlines saw its stock rise by more than 3% on Thursday after experiencing a drop of more than 5% the previous day. The airline has faced severe disruptions and has had to cancel thousands of flights this week due to winter weather, with an additional 60% of flights being canceled on Wednesday. However, according to The Dallas Morning News, it is expected to restore its full schedule on Friday. Lockheed Martin’s stock also rose by nearly 1% on Thursday, following news that its Sikorsky unit is contesting a U.S. Army helicopter contract awarded to Textron. Sikorsky alleges that the proposals for the $1.3 billion contract needed to be more fairly evaluated. Textron’s shares also rose by 1.9%.

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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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