Market Recap – January 20th
On Friday’s trading day, markets started higher as investors are pricing in recent earnings reports and hoping for a soft landing from the Fed. All three major indices ended the week with another rally, with the S&P 500 rising 1.89%, the NASDAQ Composite going up 2.66%, and the Dow Jones growing a flat 1%.
One of the most newsworthy stocks to take advantage of this steam was Netflix, which rose 8.46% following the surprising addition of over 7 million subscribers in the fourth quarter. Popular tech stock Nvidia also saw large gains, shares of which grew 6.41% over hopeful earnings expectations.
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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.