Unfortunately, the S&P and the Dow were both down again. In fact, the Dow has closed in the red everyday this week so far, so we’ll see if the streak is broken today. Although it only gained slightly, Nasdaq continues to lead the indexes.
Market snapshot as of yesterday’s close:
PacWest Bancorp and other regional banks were rising in early Friday trading. After a rough Thursday, and a rough 2023 overall, where PacWest fell 23%, it a few other banks recovered some ground in pre-market hours. Check out the news article on our website for more details.
In terms of big names, Disney lost close to 9% of its stock price on the day after it reportedly lost 4 million Disney+ subscribers last quarter. Most of them were overseas and they had hinted that there could be similar losses this quarter.
You know the drill, investing always comes with some level of risk, so make sure to do your research and consult with a financial advisor before making any big decisions. Remember, stay smart, stay informed, and stay invested!