Market Recap – July 21st
After a slow start, the markets went positive with the S&P 500 up 0.99%, the Dow Jones up 0.51%, and the NASDAQ up 1.36%. Investors digested more earnings and a surprise interest rate increase by the European Central Bank.
One beneficiary today was Danaher, who shot up by 9 percent after reporting great earnings that were highlighted by their strong COVID-19 testing sales. When it comes to bad earnings, Snapchat fit that description perfectly, falling 26 percent after the market closed as they missed on revenue and warned investors that ad spending is slowing down.
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.