Market Recap – April 24th
Continuing last week’s trend, the markets were choppy on Monday as investors anxiously awaited upcoming earnings, with some big names in the tech sector slated to deliver results later in the week. As a result, the tech sector lagged with shareholders bracing for a further slowdown in growth. Overall, the markets closed with the S&P 500 up 0.09%, the Dow Jones up 0.20%, and the NASDAQ down 0.29%.
One of the big winners on the day was Getty Images, up 31.03% to $6.63 after reports that Trillium Capital was planning to acquire the company for $10 per share, a massive premium to its current share price. On a more interesting note, Fox fell by 2.95% to $29.91, losing $507 million in value after it was announced the company parted ways with controversial host Tucker Carlson amid the Dominion Voting Systems lawsuit.
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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.