Market Recap – January 19th
Markets moved largely sideways today with stocks fluctuating between gains and losses. This came after a broad sell-off day before yesterday. With continued soaring bond yields, inflation, and interest rates many have speculated a major correction for tech to be coming. Looking at specific indexes, The S&P 500, Dow and Nasdaq all struggled to find a direction throughout afternoon trading. Looking at a few specific stocks, Bank of America moved up 3.2% premarket despite revenue being slightly below projections. Their performance was likely boosted by the overall performance of the investment banking space. UnitedHealth’s stock also saw some action with its EPS hitting 17 cents above projections.
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.