Market Recap – January 26th
On Thursday, markets picked up steam as recession worries were eased by new positive GDP data. All three indices saw large gains, with the S&P 500 increasing by 1.10%, the NASDAQ Composite going up 1.76%, and the Dow Jones rising by 0.61%.
One of the largest movers was Tesla, shares of which increased 10.97% following their record-setting revenue and earnings that beat analysts’ expectations. On the flip side, one of the largest downward movers was Sherwin Williams, which fell by 8.92% following weaker-than-expected fourth-quarter earnings and troubling guidance moving into 2023.
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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.