Market Recap – April 6th
To cap off the holiday-shortened week, Thursday’s trading day ended the first session of April lower, with investors remaining indecisive on the state of the market. With signs showing rapid decreases in economic activity, several fear an interest-rate-induced recession, waiting to hear from companies’ performances in the next earnings cycle. The S&P 500 grew by 0.36%, the NASDAQ Composite went up 0.76%, and the Dow Jones just rose by 0.01%. Class C shares of Google saw a larger-than-moderate increase of roughly 3.76% as the tech giant claimed they would be implementing their new AI chat tools to Google Search. On the negative front, shares of homestay marketplace Airbnb saw declines of 4.9% following a probe into recent unpleasant customer experiences.
Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!
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.