Market Recap – April 14th 💰

Market Recap – April 14th

The markets ended the week ahead of some very important times for the stock market. Retail data seemed to be a disappointment, but that will be further analyzed in the upcoming earnings season which was kicked off with the big banks on Friday. Overall, the indices closed the week negative with the S&P 500 down 0.21%, the Dow Jones down 0.42%, and the NASDAQ down 0.35%.

One of the banks who reported earnings was JPMorgan, and they defied expectations, up 7.55% to $138.73. Despite decreased confidence after bank failures, amazing results were delivered with a 52 percent increase in first-quarter profit along with record sales. The same can’t be said for Catalent, falling by 26.84% to $46.32 after issuing a profit warning while their finance chief is departing, showing that things aren’t going so well for the drug manufacturer.

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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.

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