Market Recap – April 22nd💰

Market Recap – April 22nd

The markets were in a bloodbath on Friday with the S&P 500 down 2.77%, the Dow Jones down 2.82%, and the NASDAQ down 2.55%. Blue chips and cyclicals underperformed the tech sector, which is unusual, but they both had a terrible day regardless due to monetary policy concerns. Intuitive Surgical saw their shares fall by almost 15 percent as their good earnings were overshadowed by the overly cautious guidance they provided for the year, which didn’t inspire their investors. Additionally, Verizon had their worst day since the pandemic started as they also lowered their expectations for this year’s earnings.

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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