☁️ Week 8 Update
[Week 8, 2022] 📉📈 Cloud stocks recovered from a steep decline to finish up 1.8%
Cloud stocks recovered from a steep decline to finish up 1.8% for the holiday-shortened week ending February 25, 2022.
Continued pressure from Russia/Ukraine crisis. On Tuesday, the US and its allies announced coordinated sanctions against Russian financial institutions. Markets continued to fall on Wednesday with Cloud stops falling 4.8% and the S&P500 dipping into correction territory.
Massive rebound on Thursday. Equity markets plunged on Thursday before rallying higher through the day on the news of Russia's invasion of Ukraine. Nasdaq touched into bear market territory before rallying 3.3% on the day. Cloud stocks jumped 7.9%.