Ford and Microsoft Up 5% and 4%, Respectively - Adviser Investments

Ford and Microsoft Up 5% and 4%, Respectively

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, October 24. With today’s more than 600-point slide, the Dow Jones Industrial Average dropped 2.4% and lost all of its yearly gains. The S&P 500 and NASDAQ also declined—down 3.1% and 4.4%, respectively. Jim emphasized that despite the stock market’s recent losses, economic fundamentals continue to indicate that the U.S. economy remains in growth mode. In terms of earnings, Ford and Microsoft both surpassed sales and profit expectations and rose 5% and 4%, respectively, in after-hours trading.

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