Market Recap – September 5th
On Tuesday’s trading day, markets again showed minimal price movement downward as investors returned from the holiday weekend. Rising oil prices seemed to encapsulate most of the market’s action, with fears over persistent inflation reflecting in higher yields. For the major indices, the S&P 500 dropped 0.42%, the NASDAQ Composite went down 0.08%, and the Dow Jones fell 0.56%. One of the biggest risers of the day was home rental service Airbnb, with its share price rising 7.23% after more investors assumed more buying pressure from its announcement that it would join the S&P 500. Another stock to see major gains was manufacturing company Brady, which rose 11.42% on the market following a successful beat on their bottom-line earnings, with the firm making $1.04 per share compared to the forecasted $0.93 per share.
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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.