Stock Market Recap: Mixed Trading Numbers to Start Week off

As trading closed Friday, the market indices were sending out mixed signals. The Nasdaq Composite was the only one of the three major indices to close high.

That index gained 0.16%, with the Dow Jones falling by 0.77%, and the S&P 500 falling by 0.14%. The low market trading session from Friday is set for a mixed Monday opening.

Murano Global Investments closed up 120% on Friday, one of the biggest gainers. The company merged with SPAC HCM and is now planning to open a resort in Cancun. The stock jumped in anticipation of what these announcements would mean, but if funding cannot be obtained the stock may drop as plans fall through.

Swvl Holdings fell 35% on the Nasdaq Composite, and on the S&P 500, the biggest drop came from Lululemon. The athleticwear company has had a rough few days after a less than stellar earnings report was released.

Topping the S&P 500 was FedEx, which also released its earnings report last week and has continued to gain since then. FedEx climbed by 7.35% on Friday.

What to Expect for Monday

As trading opens on Monday morning, what kind of movement should we anticipate from the stock market? There are no major earnings reports scheduled for most of the week, so trading may be sluggish. We expect the markets to close Monday slightly down or mixed as they were on Friday.

Look at tech stocks like Nvidia, Microsoft, and Alphabet (Google) to keep making moves, as well as FedEx. The expected slow news week may not see major movement for most stocks, and this could be a good time for investors to assess their next trade carefully and look ahead at incoming economic and earnings reports.

The McCormick & Co. stock (MKC) is due for an earnings report on Tuesday, so watch that stock in anticipation of what the report may show.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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