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 what’s 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.
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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.