Global financial markets hit record-highs last month, with the S&P 500 rising up by 0.23% to an all-time record high, closing at 2,117.69 points and the NASDAQ reaching 5,092.09 as tech giants Google, Amazon, Microsoft and others surged.
But these records didn’t hold for long. As April turned into May, the investor enthusiasm that brought on the record highs dwindled and stocks started making their way back down again.
Apple fell by 5.7% in the last few days of April and Yelp tanked by a substantial 17% decrease over the course of the month. Even Twitter lost out and dropped by 22%.
Although, the months still ended on a rise, and despite fears of this being another bursting bubble, market analysts speculate that this movement was really just overenthusiasm following some stellar quarterly reports, and concluded by the inevitable correction.
But some companies seem to be going full-steam-ahead like…
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