Market Recap – April 21st 💰

Market Recap – April 21st

The markets ended the week with no clarity whatsoever, with mixed earnings and economic data continuing to pile in. Choppy movement defined the day as the indices swung from positive to negative before finding the middle ground. Stocks finished the week with the S&P 500 up 0.09%, the Dow Jones up 0.07%, and the NASDAQ up 0.11%.

Some stocks diverged from the indices to move on their own, one of them being Albemarle, which fell by 10.00% to $173.75. The decline came as the President of Chile announced that the government is planning to nationalize lithium production, worrying businesses in the industry. On a more positive note, SAP rose by 5.59% to $133.95 following an exceptional earnings and revenue beat due to continued growth in the cloud area after a quarter where they centered their focus on the area.

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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.

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