Market Recap – April 19th
For the second day in a row, we received a choppy market that spent the morning in the negatives before rebounding by the lunch hours. Earnings continued to be mixed, even within sectors, helping display the competitive advantages some businesses have over others. Like Tuesday, the markets closed with the S&P 500 down 0.01%, the Dow Jones down 0.23%, and the NASDAQ up 0.03%.
There were two extremely positive earnings though, the first one being Intuitive Surgical which rose by 10.88% to $298.57. The medical technology company saw a rise in profits as there was an increase in procedure volume for their da Vinci system. Western Alliance quelled the fears of investors, rising by 24.12% to $40.35 following an increase in deposit levels despite being a regional bank.
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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.