Market Recap – May 2nd
After many ups and downs, the markets closed in the positive with the S&P 500 up 0.57%, the Dow Jones up 0.26%, and the NASDAQ up 1.63%. Fresh quarterly results and another strong tech day helped prop the markets up today, with volatility being the case on both sides. Avis Budget saw their stock jump by 10 percent due to beats on both earnings and revenue, showing strength in the car rental industry. On the other side, Chegg fell by more than 30 percent after hours as their guidance was chopped by a lot, which has been a trend for stay-at-home companies.
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.