Market Recap – October 10th
Markets displayed some volatility yesterday. The S&P 500 fell by 0.75%, the Dow Jones fell by 0.32%, and the NASDAQ fell by 1.04%. Chip stocks continued to fall due to government policy, while Jamie Dimon warned of a US recession in 2023. PayPal fell by 6.27% to $84.52 due to their decision to backtrack on their misinformation policy, where they would fine people $2,500 for spreading false information. Ford also had a bad day, falling by 6.89% to $11.36 as analyst firm UBS downgraded the company to a “Sell” rating with a revised price target of $10 from $13.
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. Investments come with risk, so always do your research and analysis beforehand.