Market Recap – January 18th
Markets had a rough day today with most US stock indexes falling. The Nasdaq lost 2.6% and the S & P 500 fell 1.8%. On a more positive note, the yield on the benchmark 10-year Treasury rose to its highest level in two years — up to 1.84%. The logic behind the market moves appears to be no different than what it’s been since the start of 2022: rising inflation and interest rates. Goldman Sachs and Apple both made moves Tuesday, with Goldman Sach falling after fourth-quarter earnings that fell below analyst expectations. Apple fell 1.89% as reports have come out in which their new product, AirTags, is being used to stalk people.
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.