Market Recap – April 18th💰

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Market Recap – April 18th

Markets yesterday were sitting in a slight loss as of mid-day yesterday with the S&P 500 reversing earlier gains and the Dow and Nasdaq each also declining slightly. Additionally, the yield on the benchmark 10-year note rose above 2.8% and West Texas Intermediate crude oil futures rose – continuing their gain from last week.

Looking at two specific investments, we’re watching Bank Of America and Twitter. Bank Of America reported strong quarterly profits of 80 cents per share – 5 cents a share above estimates. On the other hand, Twitter shares jumped 4.5% in the premarket after its board of directors voted to adopt a poison pill strategy to thwart Elon Musk’s takeover plan — at least temporarily.

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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Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

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