Market Recap – April 17th
After being down for most of the day, the markets opened the week by bouncing back from Friday’s losses in what was a rather positive day. Earnings were all over the place as investors continued to gauge where the banking sector as a whole is doing now that we’ve got most of the big banks cleared. The bell rang with the S&P up 0.33%, the Dow Jones up 0.30%, and the NASDAQ up 0.28%.
One of the winners who followed suit with the indices was XPeng, up 15.22% to $11.43 after showcasing a new production platform that is poised to reduce manufacturing costs, a major win for an area that many electric vehicle companies are struggling in. Unfortunately, there were major losers too, with Roblox falling by 12.01% to $40.21 after reporting disappointing user metrics for the month of March, with bookings per user falling by more than expected.
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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.