Market Recap – November 17th 💰

Market Recap – November 17th 

After Federal Reserve officials reinforced their position to raise interest rates, bond yields escalated at record rates, sending all three major indices into the red with more losses for the week. The S&P 500 dropped 0.31%, the NASDAQ Composite went down 0.35%, and the Dow Jones fell 0.02%. Despite the broad indices performing poorly, retail giant Macy’s had crushed earnings expectations, sending their stock soaring 15.02% at the market’s close. Another retailer Bath & Body Works rallied 25.18% after reporting their earnings-per-share was more than double what analysts had expected.

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