Market Recap – January 17th 💰

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Market Recap – January 17th

The market was rather strange on Tuesday, a bit choppy and the indices were not moving in sync at all. We saw the first signs of the recent rally slowing down, but by the index performance it seems to be unrelated to current issues. The bell rang, closing the markets with the S&P 500 down 0.20%, the Dow Jones down 1.14%, and the NASDAQ up 0.14%.

Despite the slow movement, there were some clear winners and losers that stood out. Roblox rose by 11.77% to $37.12 following a great holiday season where more users were active on the app. After what was a rough year for investors, they finally got something to celebrate regarding the company. iQIYI fell by 16.44% to $5.59 after they announced a public offering of 76,5 million shares, which is never a good sign for companies.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

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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