Market Recap – February 2nd 💰

Market Recap – February 2nd

On Thursday’s trading day, investors grew confident following Meta’s earnings release, and when coupled with the Fed’s news from the day prior, markets continued to surge, with almost all three indices seeing positive gains. The S&P 500 climbed 1.47%, the NASDAQ Composite went up 3.25%, and the Dow Jones just fell by 0.11%.

In individual company news, Meta received positive attention from investors just after releasing a far better-than-expected earnings report, sending the stock to rise 23.28%. Orthodontics company Align Technology also blew expectations away in their earnings release, rallying 27.38% before market close.

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