Market Recap – November 18th
Last Friday, markets performed slightly better, with The Dow Jones Industrial Average up 0.59%, closing at 33,745.69. Looking at specific investments, both Coinbase and Gap are worth keeping an eye on. Coinbase, the centralized cryptocurrency exchange giant has seen shares drop by more than 8% after Bank of America downgraded them to neutral from buy, citing the FTX event as a “contagion risk” for the crypto exchange platform, even if they are another firm. On the other hand, the clothing supplier Gap saw its stock jump over 4% after reporting strong revenue in its most recent quarter; even so, the company has issued a cautious outlook ahead of the holiday season.
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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.