Market Recap – May 1st 💰

Market Recap – May 1st

On Monday’s trading day, markets whipsawed throughout the first day of the new month, eventually finishing with moderate losses as investors anticipate large news from the Federal Reserve meeting this week. The S&P 500 dropped 0.04%, the NASDAQ Composite went down 0.11%, and the Dow Jones fell just 0.14%.

Despite the lack of price movement in the broader indices, two separate stocks that saw large individual gains were On Semiconductor and Norwegian Cruise Lines. Shares of On Semiconductor rose 8.85% after beating both top and bottom lines during their first-quarter earnings report. Popular cruise company Norwegian Cruise Lines rose 8.91% after also beating expectations from their earnings, citing persistently strong travel demand during the first quarter.

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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.

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