Market Recap – April 27th
The markets bounced back in a major way after some negative turns in the past few trading sessions, with strong earnings overshadowing cool economic data released by the government. The day finished with the S&P 500 up 1.96%, the Dow Jones up 1.57%, and the NASDAQ up 2.43%, with tech leading the pack in a big way.
The tech company responsible for that was Meta Platforms, up 13.93% to $238.56 after outstanding earnings where they reported better than expected earnings and sales while reducing expenses. Even on a day where the markets performed exceptionally, there were some major losers, including Crocs which fell by 15.87%. This was due to the outlook they provided for the second quarter in their earnings report, which hampered an earnings and revenue beat.
Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!
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.