Market Recap – November 2nd
On Thursday’s trading day, markets continued rallies from the previous day as Treasury yields fell and investors remained hopeful for interest rates to have peaked. Several of the major indices made daily movements that have been seen in months, with the S&P having its best day since April and the Dow having its best day since June. For the main indices, the S&P 500 grew 1.89%, the NASDAQ Composite went up 1.78%, and the Dow Jones rose 1.70%. Two companies to have extreme price movements through the green were Starbucks and Roku. Popular coffee company Starbucks posted an earnings and revenue beat that blew past expectations, with the company’s shares growing 9.48%. Deeper in the green was streaming technologies company Roku, which reported a major beat on sales that drove its stock to a daily return of 30.74% by the bell.
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.