Market Recap – May 4th
After the negative start, the markets roared to a positive day with the S&P 500 up 2.99%, the Dow Jones up 2.81%, and the NASDAQ up 3.19%. The midday turnaround was a result of Federal Reserve Chairman Jerome Powell’s comments on future rate increases, which relieved investors of their fears. Albemarle, who reported amazing earnings with the lithium business booming, was one of today’s beneficiaries. However, nothing could stop Tupperware Brands’ 30 percent loss as the company slashed their guidance while reporting poor earnings.
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.