Market Recap – November 30th
After a relatively calm morning, markets soared after a speech by Jerome Powell instilled the possibility of a 50-basis point hike in December, and smaller rate hikes ahead the S&P 500 rose 3.09% ending at 4,080.11, the NASDAQ Composite climbed 4.41% to 11,468.00, and the Dow Jones grew 2.18% up to 34,589.77. On the earnings side, software vendor Workday jumped 17.17% after posting stellar earnings that overcast analysts’ expectations. On the losing end, cybersecurity provider CrowdStrike was down 14.75% following their weaker-than-expected revenue growth.
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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.