Market Recap – April 26th 💰

Market Recap – April 26th

The indices diverged on Wednesday as the markets were mixed following conflicting earnings from different sectors of the economy. Tech generally had an outstanding showing, while fear regarding regional banks hurt other stocks. This was displayed clearly with the S&P 500 down 0.38%, the Dow Jones down 0.68%, and the NASDAQ up 0.47%, showing tech running away from the rest of the market.

The company leading the charge was Microsoft, up 7.24% to $295.37 after reporting exceptional earnings and impressive cloud growth, a topic we covered yesterday. When it comes to earnings misses, we had a major one with Enphase Energy falling by 25.73% to $163.83 after poor guidance for the second quarter not only for Enphase, but across the entire solar energy industry.

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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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