Market Recap – December 1st
On Thursday’s trading day, markets started lower as investors are anticipating jobs data coming Friday that will help indicate the Fed’s rate hike decision in two weeks. The S&P 500 dropped 0.09%, the NASDAQ Composite went down 0.13%, and the Dow Jones fell 0.56%. Although the Nasdaq finished positive, one of the largest losers was on the tech side, being CRM leader Salesforce. Despite a positive earnings report, shares of Salesforce had fallen 8.27% after co-CEO Bret Taylor announced his departure from the firm. Shares of Costco, the third-largest grocery retailer, were down 6.56% after announcing worse-than-expected sales numbers that may be signaling weak consumer spending during the holiday season.
Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.