Market Recap – November 4th
After swinging up and down, the markets fought their way to a positive close Friday afternoon. The indices closed in the green by a solid margin with the S&P 500 up 1.36%, the Dow Jones up 1.26%, and the NASDAQ up 1.28%. The jobs report infused volatility into the markets, but a recovery was made on Friday. Bilibili rose by 22.88% to $11.71 following rumors of a deal with US regulators and COVID-19 restrictions being loosened in China. Unfortunately, some stocks struggled on Friday, including Twilio which fell by 34.61% to $42.74. This marked a bad week for cloud stocks due to poor guidance provided during earnings, and it could present an opportunity.
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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.