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.
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.