Market Recap – October 9th
On Monday’s trading day, markets made moderate gains as investors are now faced with the uncertainty over the geopolitical implications of the Israel-Hamas war. Along with September’s inflation data released this week, several now fear rising oil prices may contribute to this month’s price fluctuations. Regardless, the main focuses this week for investors are this past month’s consumer and producer side inflation as well as any progress made into the Israel-Hamas war. For the main indices, the S&P 500 rose 0.63%, the NASDAQ Composite went up 0.39%, and the Dow Jones grew 0.59%. Shares of cloud security company Zscaler rose 3.22% following analyst upgrades from its cybersecurity segment named SASE. In the red were airlines, with United Airlines falling 4.88% in value as service to Israel has been suspended.
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.