Yesterday, the markets experienced a slight uptick, marking the end of a five-day decline for the Dow. Meanwhile, the Nasdaq continues to demonstrate strong performance, leading the way as we approach the end of the second quarter.
In bankruptcy news, Vice Media filed for Chapter 11 yesterday, joining the ranks of seven major companies that have done so in the past 48 hours. This marks the largest number of filings in a two-day period since 2008.
Market snapshot as of yesterday’s close:
Insight:
The trading of Sarepta Therapeutics (NASDAQ:SRPT) was halted on Friday as an independent expert group from the FDA is convened to discuss the company’s application to market its Duchenne muscular dystrophy drug. For more information, check out our news page.
If you’re in the mood for something out of the ordinary, A-Mark Precious Metals, Inc. (Nasdaq:AMRK) might be interesting. It operates as a precious metals trading company. Its stock is up about 21% over the past 3 months and offers a modest 2.14% yield. The stock analysis is available on our website for you.
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!