TALLAHASSEE, Fla. (WTXL) - Over the last five days, the stock market has dropped, causing panic for some, but it may be turning back around.
Many stock exchanges were down about 5 percent from where they started the week, however Friday ended on a positive note for some.
Three of the more popular exchanges, the DOW, NASDAQ, and S&P ended with more than a one percent gain from Thursday. This makes Friday the second day this week the three exchanges have seen a positive change.
It can be confusing to understand the stock market and the changes it makes. It's easiest to think of the stock market as a marketplace full of publicly traded companies that people currently own, or want to buy and sell.
The prices of each company are decided by the buyer and seller. When the stocks drop like they have lately, it can be likened to a store sale: the lower the price, the cheaper to buy, but less money will be made.
And that's what makes people uneasy.
"When the markets are going down, it's tough to really process that, but it is a part of the overall experience," said Rene Bruer, the co-CEO of Smith Bruer Advisors. "It's taking the good and the bad together for hopefully a good outcome."
Bruer stresses that to successfully invest in the stock market, you must be patient since stocks can change suddenly. In addition, investors must have a long term plan as making money is not guaranteed.
