Market Recap – November 10th
What a day the markets had on Thursday! After days of anticipation, the US released the CPI report for the month of October, and it did not disappoint. The markets had their best day since April of 2020, and everything was green with the S&P 500 up 5.94%, the Dow Jones up 3.7%, and the NASDAQ up 7.35%. Stocks rallied as the day went on, and we came out with some big winners. AMD rose by 14.27% to $68.47 following positive news from Taiwan Semiconductors, one of the industry leaders in whatโs a good sign for chip companies. An even bigger winner was YETI Holdings, who rose by 31.58% after topping their earnings expectations at the best time possible.
Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!
I am not a financial advisor and my comments should never be taken as financial advice.ย Investments come with risk, so always do your research and analysis beforehand.