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.
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.