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.
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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.