Market Recap – February 10th
The markets were oddly mixed on Friday, marking one of the unique days where they did not move in cohesion. Mixed economic signals created confused investors, and individual stocks weighted indices up and down. The week ended with the S&P up 0.22%, the Dow Jones up 0.50%, and the NASDAQ down 0.61%.
Despite a rough week for the markets overall, DexCom finished Friday up 9.93% to $117.89 after the health company beat earnings estimates and revenue was strong both domestically and internationally. One stock that definitely weighed down tech names was Lyft, who lost more than a third of its share price. The ride-sharing business was down 36.44% on Friday because of a grand earnings miss and a weak outlook that concerned investors.
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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.