Market Recap – March 31st
On Friday’s trading day, investors were more than glad over the positive news of a lower-than-expected core personal consumption expenditures index for February, depicting slowing inflation as the Fed continues to raise rates. The S&P 500 climbed 1.44%, the NASDAQ Composite went up 1.74%, and the Dow Jones rose by 1.26%. On a magnified scale of Friday’s gains, EV leader Tesla saw its shares rise 6.24%, also reporting the positive news of increased deliveries after their earlier price cuts. Also in the green was Invisalign manufacturer Align Technology, which saw its shares rise 7.15% after several notable analysts upgraded the firm’s market standing.
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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.