Feeling a little down?

In this buzz: Tesla 10%🔻; “bear” outlook and more stocks news…

If you’re anything like the stock market today, you might be feeling a little down.

→ The S&P 500, Dow Jones, and Nasdaq 100 indexes are all taking a bit of a hit.

But don’t worry, it’s not all bad news, unless you’re Tesla, which is down more than 7%🔻 in pre-market trading after reporting weaker-than-expected Q1 earnings results. Ouch.

And speaking of weak,
… the U.S. economic reports are causing some concerns for investors. The weekly initial unemployment claims rose to 245,000, which is higher than expectations. And the continuing claims rose to a 16-month high of 1.865 million. That’s not exactly the kind of news that makes people want to buy, buy, buy.

→ April Philadelphia Fed business outlook survey, which unexpectedly fell to a nearly 3-year low of -31.3. Yikes. I guess that’s what they call a “bear” outlook.

Anyway,
… it’s important to remember that the stock market can be a rollercoaster. One day you’re up, the next day you’re down. It’s kind of like the lyrics to that classic Chumbawamba song: “I get knocked down, but I get up again. You’re never gonna keep me down.”

❗So let’s keep our chins up and our eyes on the prize. And if you’re feeling particularly down about the market today, just remember: there’s always money in the banana stand.