Market Recap – October 18th
With positive earnings outlooks and hopeful stability from European markets, stocks continued using their steam to push the current rally, with each of the three major indices inching higher with gains. The S&P 500 rose 1.14% ending at 3,719.98, the NASDAQ Composite went up 0.90% to 10,772.40, and the Dow Jones climbed 1.12% up to 30,523.80. Cruise stocks were up a substantial amount today after positive corporate news, with Carnival leading the pack at a gain of 11.14%. Salesforce also drew attention from investors with a 4.31% gain following a large stake by notable investment advisor Starboard Value.
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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.