Market Recap – November 3rd
The markets continued their decline after the interest rate decision by the Federal Reserve, and Chair Jerome Powell’s attitude regarding the issue. The indices finished the day down with the S&P 500 down 1.06%, the Dow Jones down 0.46%, and the NASDAQ down 1.73%. Investors are also awaiting the upcoming jobs report, which will help provide context to the Federal Reserve regarding future rate hikes. Fortinet fell by 13.71% to $45.93 due to their billings guidance underwhelming investors despite strong earnings and revenue. On the green side, Etsy unexpectedly rose by 14.27% to $100.03 as their earnings and guidance were better than expected, and the highlight of the report was their revenue.
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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.