Pinterest Soars 26% on I.P.O. Launch

Pinterest Soars 26% on I.P.O. Launch

Diana Linn, account manager at Adviser Investments, has the market analysis for Thursday, April 18. The release of Special Counsel Robert Mueller’s much-anticipated Russia investigation report had little impact on markets. The Dow Jones Industrial Average and S&P 500 rose 0.4% while the NASDAQ rose fractionally. Meanwhile, Zoom Video Communications and Pinterest both began trading and saw respective gains of 72% and 26% from their initial I.P.O. prices. The Commerce Department also reported strong retail sales in March, with the 1.6% month-over-month boost the largest since September 2017.

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