Stock market crashes are so 2008. In 2022, stocks only go up!
An absolute crazy day on Wall Street today as the Dow fell 1,115 points at one point today before rallying to finish up 99.13 points. Other indices followed a similar pattern. The session was the first time since the aftermath of the financial crisis in 2008 that the Nasdaq Composite had been down more than 4% on the session and closed up..(CNBC)
Winners and Losers
Kohl’s (KSS) ended the day up 36.02% as the department store chain fields takeover offers from at least two suitors.
OPKO Health (OPK) fell 23.82% today after the FDA declined to approve a treatment for growth hormone deficiency in children that the they devloped for Pfizer.