Market Summary 12th September
Yesterday, the Nasdaq, a tech-focused market, dropped after previously doing well. Even though the Nasdaq decreased by 1%, a lot of newer, innovative companies managed to stay somewhat steady. For instance, the QQQJ, which tracks these companies, only dropped by 0.35%. It has been down on 5 out of the past 6 days, but this little drop gives some hope since they’re holding their own in a shaky market.
Right now, the market’s movements are unpredictable. We’re hoping tomorrow’s CPI data (which measures inflation) will give us a clearer picture. When things are this uncertain, I make sure to invest carefully, following certain rules so I don’t risk too much.
An interesting note: Even though the overall Nasdaq went down, fewer individual companies in it did poorly. This means that even if the overall market is down, many companies might still be doing okay. Today showed that: big companies might have had a tough time, but many smaller ones stayed strong.
Right now, the market’s movements are unpredictable. We’re hoping tomorrow’s CPI data (which measures inflation) will give us a clearer picture. When things are this uncertain, I make sure to invest carefully, following certain rules so I don’t risk too much.
An interesting note: Even though the overall Nasdaq went down, fewer individual companies in it did poorly. This means that even if the overall market is down, many companies might still be doing okay. Today showed that: big companies might have had a tough time, but many smaller ones stayed strong.
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