Microsoft leads the Dow as the index's best performing stock this month while Chevron is its worst performer.
October is coming to a close on Tuesday, and while kids are getting ready to put on their costumes to go trick-or-treating, investors are reflecting on what was an active month for the stock market.
Dow Jones Industrial Average The best-performing stock in the Dow was Microsoft , which got a boost after reporting strong financial results on Oct. 24. Among the highlights was that the Azure cloud business grew more than management had predicted.. Nasdaq 100 Netflix was the top performer in the Nasdaq 100 with an 8.6% gain, for its best month since June 2022. The streaming company turned in solid third-quarter financial results and subscriber numbers, partly because of an earlier move to limit the amount of people that use a single account to one household.Investors in Align Technology stock had much less to smile about.
But even after that gain, shares of the discount retailer are down 51% so far in 2023. At the end of August, the company reported disappointing second-quarter financial results and cut its financial forecasts for the fiscal year because the combination of inflation and higher interest rates has cut into consumers’ spending power.
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