Market Recap – December 2nd
The markets were mixed and mostly unchanged on Friday, closing the week with a sense of calm. The indices didn’t move much with the S&P 500 down 0.12%, the Dow Jones up 0.10%, and the NASDAQ down 0.18%. As we are entering the first week of December, the markets have lost some volatility as investors are waiting for the upcoming economic announcements. There were still some big winners and losers, one being Bilibili, who rose by 16.57% to $19.84 following positive earnings paired with positive regulatory news regarding Chinese companies. The loser was Zscaler, with the cloud company falling by 10.73% to $128.99 as investors believed the company should’ve beat earnings expectations by a greater amount, and this was a trend in the cloud industry.
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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.