Market Recap – October 28th
The markets performed exceptionally well with the S&P 500 up 2.46%, the Dow Jones up 2.59%, and the NASDAQ up 2.87%. Despite some large misses from tech, investors are looking ahead to big news next week, with the Federal Reserve set to make their decision. These earnings misses were balanced out with some very solid beats, a prime example being Pinterest. Pinterest rose by 13.75% to $24.90 following an earnings report where they saw a beat in earnings and revenue despite a slowdown in ad sales for the industry. Healthcare did great too, with DexCom rising by 19.38% to $120.87 after they also beat on earnings and revenue. Both domestic and global revenue was strong for them, helping their financials a lot.
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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.