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Market overview – May 4

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Market Summary – May 4

After a negative start, the markets grew to a positive day: the S&P 500 grew by 2.99%, the Dow Jones by 2.81% and the NASDAQ Рby 3.19%. The southern turnaround was the result of comments by Federal Reserve Chairman Jerome Powell regarding a future rate hike that relieved investors of their fears. Albemarle, who reported amazing revenues from the thriving lithium business, was one of today’s beneficiaries. However, nothing could stop the 30 percent loss of Tupperware Brands as the company cut back on their recommendations by reporting poor profits.

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 in advance.

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