Market Recap – February 6th
To start off the new week, investors remained fairly weary throughout Monday’s trading day, awaiting to hear Powell’s comments on Tuesday and more corporate earnings. All three major indices fell into the red; the S&P 500 fell 0.61%, the NASDAQ Composite went down 1.00%, and the Dow Jones just declined by 0.10%.
Despite the losses in the indices, contract manufacturer Catalent had surged by 19.5%, just before their earnings release and reliant on news of Danaher expressing interest to purchase the company. Despite an earnings beat, video game company Activision Blizzard saw its shares fall by 4.86% following investors’ exhaustion over the struggling video game industry.
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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.