2 Stocks That Moved the Market in August
The S&P 500 ended a five-month streak of gains in August. Though investors have bid up many stocks in 2023 following last year's bear market, it appears the bulls may be losing steam.
Understanding the key forces that are shaping the market right now can help investors make informed decisions and avoid getting blindsided -- these two stocks illustrate some of the biggest underlying trends impacting the market today.
Shares of Block (NYSE: SQ) fell 29% in August, and they've continued their slide so far this month. The bulk of those losses followed the company's second-quarter earnings announcement, even though the fintech leader delivered strong growth and exceeded Wall Street's expectations. The company's revenue expanded 27% year over year, and its adjusted EBITDA more than doubled.
Source Fool.com
