Market Recap – July 19th
The markets killed it with the S&P 500 up 2.76%, the Dow Jones up 2.43%, and the NASDAQ up 3.11%. Investors rallied as the Fed is about to make their interest rate announcement and new earnings came through for investors to sift through.
Netflix, for one, lost fewer subscribers than expected as they are planning to roll out their cheaper, ad-supported subscription in the coming months. As a result, their share price jumped by 7 percent after the market close. Twitter also rose by 3 percent regarding good news in their legal fight against Elon Musk as a Delaware judge set the date in October against Musk’s wishes.
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.