Market Recap – February 3rd 💰

Market Recap – February 3rd

On Friday’s trading day, investors finally began to slow down some steam, ending the day off with markets trading lower. After a dovish Jerome Powell meeting and mixed earnings reports, investors still kept the positive gains for the first week of February. However, on Friday, all three indices declined, with the S&P 500 dropping by 1.04%, the NASDAQ Composite going down by 1.59%, and the Dow Jones falling by 0.38%.

After troubling guidance and poor earnings in cloud computing and online shopping, shares of Amazon had fallen by 8.43% at the bell. Another major company to post earnings was Ford, which had a similar fate to Amazon, missing earnings expectations and falling by 7.61%.

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