Market Recap – July 28th
The markets showed the S&P up, the Dow Jones up, and the NASDAQ up. Investors shrugged off the GDP numbers that showed a second straight quarter of contraction as the Fed’s comments relieved investors of recession fears for now.
Plug Power was a big beneficiary, rising by as Senator Joe Manchin’s approval of a new energy bill that is now likely to pass in the Senate. On the flip side, Upwork fell by as investors are worried about the company’s growth and expenses in the coming quarters despite good 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.