Market Recap – October 19th
Despite quite a few positive earnings, high yield rates kept markets down, with the three major indices breaking their hot streak for the week. The S&P 500 dropped 0.67%, the NASDAQ Composite went down 0.85%, and the Dow Jones fell 0.33%. Some of the best news, however, came from Netflix, with their stock growing 13.09% after substantially beating their earnings. Oil and gas stocks also grew by quite a bit margin, with share prices of Valero Energy Corp increasing by 5.10%.
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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.