Market Recap – November 3rd 💰

Market Recap – November 3rd

On Friday’s trading day, markets continued their weekly rally, with all major indices marking their best week of returns in over one full year. Positive news from the held rates by the Fed and strong corporate earnings have pushed bond yields lower, in turn pushing equity markets higher in pursuit of gains. For the main indices, the S&P 500 grew 0.94%, the NASDAQ Composite went up 1.38%, and the Dow Jones rose 0.66%. Two other companies to outshine the stellar performance from the major averages were Expedia and Paramount Global. Vacation booking platform Expedia saw its shares climb 18.84% after reporting earnings per share that beat analysts’ forecasts by nearly half a dollar per share. Similarly, media stock Paramount Global released third-quarter figures that blew away analysts on both top and bottom lines, with its shares surging 15.44% by the bell.

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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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