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UPDATE
🌤️ Happy Tuesday
Good morning. We hope your Monday workday was productive and eventful. Yesterday was the 22nd anniversary of the September 11th attacks, an event that defined a generation.
After the attacks in 2001, the NYSE and Nasdaq famously closed down in anticipation of a market collapse. The markets remained closed until the following week on September 17.
NY Skyline by Arpan Parikh, via Pexels
We have a short MARK IT. issue this week, but we hope the rest of your day today is constructive and you’re able to knock out your goals moving forward 💪
Read time: 1 minute
WEEK IN REVIEW
📈 Market Performance
S&P 500 (5-day), via Google Finance
To say that last week was choppy for the S&P might be an understatement. The majority of the trading day on Tuesday saw a consistent 4,510-ish level for the index. Transitioning into Wednesday, however, the index saw a sharp 1.41% decline followed by a mild 0.44% recovery.
The rest of the week saw slight, sharp increases and small decreases (displayed from September 7th through this morning).
As we’ve discussed previously, the Nasdaq and S&P largely tracked each other during this week, except for sharp tech-related movements. As seen below, the Nasdaq saw a slight upward movement on Tuesday, while the S&P was more consistent. Coincidentally, Google stock increased by a decent size last Tuesday, which was sure to be reflected in the tech-heavy Nasdaq.
Nasdaq (5-day), via Google Finance
ONE MORE THING
🤝 Keep in Touch
For general announcements or updates on what we're working on, follow Abbas on Twitter 👉 @RealAbbasAkhtar
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Thanks again for reading!
