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March 25, 2022

MAJOR INDEXES

Market report as of Mar., 23rd 2022     

NAME                  LAST  CHG %CHG
S&P 500                       4,520.1600 63.920 1.430
NASDAQ                  14,191.840 269.24 1.930
DJIA                         34,707.940 349.44 1.020
*FTSE                      7,451.3100 -16.07 -0.22
*NIKKEI              28,149.840* 39.450 0.140
*HSI                  21,404.880* -541.07 -2.47
*SHANGHAI          3,212.2400* -38.020 -1.170
VIX                           22.3100000 0.64000 2.950
*DAX                    14,297.240* 23.4500 0.160



S&P500 MARKET MOVERS

TOP
NVDA
NVIDIA Corp
9.815%  
INTC
Intel Corp
6.940%  
MPWR
Monolithic Power Systems Inc
6.664%  
AMD
Advanced Micro Devices Inc
5.802%  
AMAT
Applied Materials Inc
5.456%  

BOTTOM

EPAM
Epam Systems Inc
6.066%  
NLSN
Nielsen Holdings PLC
3.788%  
OXY
Occidental Petroleum Corp
3.493%  
FBHS
Fortune Brands Home & Security Inc
2.477%  
POOL
Pool Corp
2.089%  



SECURITIES

BONDS
NAME YIELD CHG
US 10-YR 2.348 +0.007
US 30-YR 2.506 -0.006
US 5-YR 2.384 +0.010
US 2-YR 2.143 +0.019
US 3-MO 0.558 +0.038
BUND 10-YR 0.500 -0.026
JPN 10-YR 0.230 -0.018
UK 10-YR 1.602 -0.046



FUTURES & COMMODITIES

NAME LAST CHG %CHG
*OIL 109.3700 -2.970 -2.644
*NAT GAS 5.353000 -0.048 -0.890
*GOLD 1,956.40 -5.800 -0.296
*SILVER 25.80500 -0.115 -0.440
*WHEAT 1,071.75 -14.00 -1.290
*COPPER 4.72800 -0.015 -0.320



CURRENCIES

NAME LAST CHG %CHG
JPY/USD 0.823 +0.006 +0.670
USD INDEX 98.64 -0.1500 -0.150
USD/JPY 121.5 -0.8300 -0.679
GBP/USD 1.316 -0.0020 -0.144
EUR/USD 1.101 +0.001 +0.130
USD/CAD 1.255 +0.002 +0.190
AUD/USD 0.751 -0.0010 -0.093



Analyst Views

U.S. Market, U.S Bourses bounces back into the green on the back of assuring outcome of the U.S and Euro members meeting and easing Oil prices on Thursday. Investors were pleased after NATO and President Biden promised to remain vigilant against Russia while supporting battered Ukraine. The Dow Jones Industrial Average gained over 348 points or 1.1%, while the S&P 500 and the Nasdaq Composite rose 1.5% and 1.9%, respectively. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34707.94 +349.44 +1.02%
SP500 S&P 500 4520.16 +63.92 +1.43%
I:COMP NASDAQ COMPOSITE INDEX 14191.839136 +269.23 +1.93%

Treasury Bonds, Bond yields remain elevated with the yield on the 10-year Treasury at 2.34%. 

Commodities, U.S. crude held around $112 per barrel, while Brent, the global benchmark, hovered above $119 per barrel. Gold continued its climb to $1,961 per ounce. 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 79.75 -2.20 -2.68%
BNO UNITED STS BRENT OIL FD LP UNIT 32.62 -0.86 -2.57%
GLD SPDR GOLD SHARES TRUST - EUR ACC 183.13 +1.32 +0.73%

Labour News, Also, the Labor Department is out with its tally of new claims for unemployment benefits for last week, which fell to 187,000 from 214,000 the previous week. Continuing claims, which track the total number of unemployed workers collecting benefits, are anticipated to edge down 1.35 million, another 52-year low.

Stocks,
In stocks, Uber shares jumped after announcing a partnership with Curb, the taxi app for North America. The joint venture will kick off in New York City. 

Ticker Security Last Change Change %
UBER UBER TECHNOLOGIES INC. 34.70 +1.64 +4.96%

"We are excited to kickstart our partnership with Curb and allow Uber users to have immediate access to Curb’s taxi-hailing network, which will add tens of thousands of vehicles to the Uber platform in New York City and beyond," Guy Peterson, Uber's director of business development, said in the announcement. "We’re looking forward to expanding together as we launch the integration in other key cities across the country."

Semiconductors, Chip stocks remained active. 

Ticker Security Last Change Change %
NVDA NVIDIA CORP. 281.50 +25.16 +9.82%
INTC INTEL CORP. 51.62 +3.35 +6.94%
MU MICRON TECHNOLOGY INC. 78.21 +2.56 +3.38%

Nvidia CEO Jensen Huang said he is interested in partnering with Intel on their foundries – also known as fabrication plants or "fabs." He made the comments on a call with reporters. 

Intel CEO Pat Gelsinger, during an interview with FOX Business Wednesday, gave more details on its new Ohio plant. He, along with Micron's CEO Sanjay Mehrotra, testified before Congress on America's chip crisis.

In cryptocurrencies, Bitcoin remained around the $43,000 level helped by the lift in stocks. Also, BlackRock CEO Larry Fink, in his annual shareholder's letter, said the Russia-Ukraine conflict could boost demand for digital currencies. 

Russia Stock Exchange, reopened its stock market for restricted and limited trading on Thursday nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine. It closed with gains of 4.3%.  

 

SPOT MARKET  BY THE HOUR AS OF GMT 09:45  03-25-22

European Market, Current trading sentiments are positive as investors are optimistic about market development London's FTSE climbed by 0.19% to 7,453.3, Germany's DAX  climbed by 0.07 to 14,284.39 while France's CAC also jump by 0.24% to 6,540.04 

Asia MarketAsian stocks The investors' sentiments are mixed and prices are choppy. Tokyo's Nikkei 225 index climbed by 0.14% to 28,149.84, the Hang Seng in Hong Kong retreated by 2.47% to 21,404.88 and China's Shanghai also dipped by 1.17%  to 3,212.24.


Cryptocurrencies, at an intraday range of $43,616.88 by the hour and a maximum of $44,400 in 24 hours.

 

 
 
 
 
 












SOURCE: CNBC
IMAGE SOURCE: PIXABAY
C
ontributions from Fox Business