Market Recap – April 18th 💰

Market Recap – April 18th

The markets were extremely erratic and choppy on Tuesday with earnings being very mixed. For the first time in what seems like a while, the market has slowed down from a hundred miles per hour, and this seems to be an inflection point as major data is coming soon. Stocks closed with the S&P 500 up 0.09%, the Dow Jones down 0.03%, and the NASDAQ down 0.04%, staying virtually unchanged.

Despite a lack of volatility, there were still some solid winners and losers on the day. Teladoc, the once fabled telehealth company, rose by 5.68% to $27.34 after announcing a new weight loss service and diabetes prevention program, addressing a popular theme in personal health these days. On the other end, Plug Power fell by 5.05% to $9.02 after analyst Sophie Karp from KeyBanc Capital Markets downgraded the stock from outperform to market perform, which followed another analyst downgrade from firm Piper Sandler.

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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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