Market Recap – July 27th
The markets had one of their best days in a while with the S&P 500 up 2.62%, the Dow Jones up 1.37%, and the NASDAQ up 4.06%. Investors enjoyed the Federal Reserve’s announcement regarding interest rates, which sent the market higher midday.
One company that rode the waves was Teva Pharmaceuticals, who rose by 28 percent after they reached a settlement in their litigation case regarding opioids. Unfortunately, Teladoc shares suffered after hours, falling by 25 percent after reporting terrible 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.