Market Recap – January 23rd
On Monday, markets continued alongside Friday’s momentum, rallying higher as investor confidence is strong coming into this week. All three major indices saw some gains, with the S&P 500 rising by 1.19%, the NASDAQ Composite climbing by 2.01%, and the Dow Jones growing by 0.76%.
One of the large names under the NASDAQ to see large gains was Advanced Micro Devices (AMD), shares of which grew 9.22% after Barclays analysts upgraded several chip stocks. Shares of EV leader Tesla also increased by a considerable margin, rising 7.74% following positive sentiment before their Wednesday earnings call.
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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.