Market Recap – May 3rd
The markets were flat but positive on Tuesday with the S&P 500 up 0.48%, the Dow Jones up 0.2%, and the NASDAQ up 0.22%. Investors are closely watching for the Fed’s next decision, which is scheduled to come very soon, and this could be a situation where the market is pricing in the Fed’s announcement. Despite this, Match Group saw their shares decrease by 6 percent as their CEO is exiting the company, which has made investors uncertain. On the other hand, Airbnb rose by 7 percent as their bookings have surpassed pre-pandemic levels, displaying a great recovery.
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.