Monday, October 31, 2022

Dow Closes Lower on Monday, But Still Posts Best Month Since 1976

 According to the article posted on Oct 31 at 5:47pm, the Dow fell 0.39%. While the S&P 500 shed 0.75% and the Nasdaq Composite fell 1.03%. But for the month of October all of them have made comebacks with the Dow gaining the most of 13.95%, the S&P 500 8% and Nasdaq 3.9%. This is the best gain the Dow has had since 1976. Mainly because of investors investing in more traditional companies like banks, which lead to the next bull in the economy. All of this increase is in spite of slowing growth from tech companies causing mixed earnings. 

https://www.cnbc.com/2022/10/30/stock-market-news-futures-open-to-close.html


1 comment:

  1. It seems the stock market is taking a breather from the big run last week, the upcoming FED meeting will be crucial for future market expectations and on Friday the labour statistics for the month of October will be released which would also give a clearer picture of what to expect from markets in the future.

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