Market Recap – April 13th
On Thursday’s trading day, new economic data continued to spur market gains as investors dismiss recessionary fears by the Fed. Ahead of the next earnings cycle, investors attempt to push previous market highs last seen in early February. The S&P 500 climbed 1.33%, the NASDAQ Composite went up 1.99%, and the Dow Jones rose 1.14%. Another singular big winner of the day was Netflix, shares of which rose 4.58% along with other large tech companies on the big day for Wall Street. One loser, however, was insurance company Progressive, with its shares decreasing 6.71% after reporting bottom-line losses from its auto products.
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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.