Market Recap – October 31st
Halloween for the markets was spooky with the S&P 500 down 0.75%, the Dow Jones down 0.39%, and the NASDAQ down 1.03%. This upcoming Federal Reserve announcement could prove to be the last large rate hike depending on how economic data looks, making this very important not only for the US but the global economy too. Tilray rose by 12.12% to $4.07, following an indication from Majority Leader Chuck Schumer that marijuana legislation will be passed in the Senate. DoorDash, on the other hand, fell by 7.5% to $43.53 after an analyst from JPMorgan slashed earnings estimates and target prices for the delivery business.
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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.