Market Recap – September 1st
On Friday’s trading day, markets showed little price movement as investors showed some resilience in reforming a summer rally. With the labor market yielding slowed growth from the pressure of high-interest rates, investors hope the Federal Reserve will take the necessary action to pause rates at this month’s meeting. For the main indices, the S&P 500 grew 0.18%, the NASDAQ Composite went down 0.02%, and the Dow Jones rose 0.33%. Some of the biggest price action for individual stocks came from Lululemon Athletica and Dell Technologies, with earnings releases favorably surprising investors. Shares for popular athleisure retailer Lululemon Athletica rose 6.01% following stellar top and bottom-line performance and increased guidance for the year. For Tech, Dell led the show with a share price increase of 21.25% after beating estimates for their second-quarter earnings by a landslide, being placed as a top player for IT hardware.
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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.