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May 9, 2022

MAJOR INDEXES

Market report as of May 6th, 2022    

NAME                  LAST  CHG %CHG
S&P 500                       4,123.3400 -23.530 -0.570
NASDAQ                  12,144.660 -173.03 -1.400
DJIA                         32,899.370 -98.600 -0.300
*FTSE                      7,322.5300* -65.410 -0.890
*NIKKEI              26,319.340* -684.22 -2.530
*HSI                  20,001.960* -791.44 -3.810
*SHANGHAI          3,004.1400* 2.58000 0.0900
VIX                           32.9000000 2.71000 8.9800
*DAX                    13,559.6000* -114.69 -0.840



S&P 500 MARKET MOVERS

TOP
NRG
NRG Energy Inc
9.785%  
EOG
EOG Resources Inc
7.130%  
HES
Hess Corp
7.009%  
APA
APA Corp (US)
6.804%  
MCK
Mckesson Corp
5.951%  


BOTTOM

UA
Under Armour Inc
25.884%  
UAA
Under Armour Inc
23.793%  
DISH
DISH Network Corp
19.141%  
ILMN
Illumina Inc
14.627%  
NWS
News Corp Class B
13.680%  


SECURITIES

BONDS
NAME YIELD CHG
US 10-YR
3.185 +0.061
US 30-YR
3.285 +0.064
US 5-YR
3.098 +0.052
US 2-YR
2.727 +0.031
US 3-MO
0.864 +0.016
BUND 10-YR
1.135 -0.0070
JPN 10-YR
0.255 +0.005
UK 10-YR
2.030 +0.033



FUTURES & COMMODITIES

NAME LAST CHG %CHG
*OIL
108.480 -1.2900 -1.175
*NAT GAS
8.16900 +0.1260 +1.570
*GOLD
1,865.3 -17.500 -0.930
*SILVER
22.1100 -0.2570 -1.150
*WHEAT
1,124.5 +16.000 +1.440
*COPPER
4.14300 -0.1250 -2.920



CURRENCIES

NAME LAST CHG %CHG
JPY/USD
0.7630 -0.003 -0.418
USD INDEX
104.01 +0.35 +0.34
USD/JPY
131.14 +0.58 +0.44
GBP/USD
1.2290 -0.005 -0.413
EUR/USD
1.0510 -0.004 -0.360
USD/CAD
1.2930 +0.002 +0.15
AUD/USD
0.7010 -0.007 -0.961



Analyst Views
U.S Markets, U.S. bourse ended last week trading on a downward trend, amid steep swings, in a wild week that included a better-than-expected April jobs report and a rate hike by the Federal Reserve that was followed by ongoing concerns of a looming recession. 

The S&P 500 and Nasdaq Composite fell 0.6% and 1.4%, respectively, while the Dow Jones Industrial Average bounced between losses and gains, coming back from a 400-plus point deficit to end with a 98-point loss or off 0.3%. All three major averages posted weekly losses. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 32899.37 -98.60 -0.30%
SP500 S&P 500 4123.34 -23.53 -0.57%
I:COMP NASDAQ COMPOSITE INDEX 12144.66 -173.03 -1.40%

Record job gains, the Labor Department reported that the U.S. economy added 428,000 new nonfarm jobs in April. That’s down from 431,000 in March and would mark a record 12th consecutive month of gains at or above 400,000. The unemployment rate held at 3.6%. 


The Dow Jones Industrial Average lost over 1,000 points Thursday as investors wrestled with whether the Federal Reserve can successfully avoid a recession. The yield on the 10-Year Treasury rose to 3.124% Friday.  

Elsewhere, Under Amour shares fell sharply after posting a quarterly loss of $59.6 million, or $0.13 per share, compared to a profit of $77 million, or $0.17 per share, a year ago.

Ticker Security Last Change Change %
UA UNDER ARMOUR INC. 9.84 -3.44 -25.90%

COVID-19 lockdowns in China remain a headwind for the athletic apparel giant.

"As global supply challenges and emergent COVID-19 impacts in China eventually normalize, we are confident that the strength of the Under Armour brand, coupled with our powerful growth strategy, positions us well to deliver sustainable, profitable returns to shareholders over the long term," Under Armour President and CEO Patrik Frisk said in the company's earnings release.

Ticker Security Last Change Change %
CI CIGNA CORP. 266.77 +14.54 +5.76%

Cigna shares rose after beating profit expectations and raising its 2022 outlook. It now stands to earn $22.60 per share, up from a prior goal of $22.40.

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Ticker Security Last Change Change %
DASH DOORDASH INC. 72.11 -1.04 -1.42%

DoorDash sales soared in the first quarter as the company added more customers, sending shares higher. 

Russia's war on Ukraine, high oil prices and global supply chain disruptions are adding to investor unease.

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 82.13 +1.65 +2.05%
BNO UNITED STS BRENT OIL FD LP UNIT 32.41 +0.64 +2.01%

Oil prices gained about 5% on concerns about supply as the European Union prepares new sanctions on Russia, which would include an embargo on crude oil. U.S. West Texas Intermediate (WTI) crude closed at $109.77 a barrel.  Brent futures gained 2.1%, to $112.39 a barrel.

Bitcoin traded below $36,000, mirroring the downward volatility in stocks.


SPOT MARKET  BY THE HOUR AS OF GMT 10:00  05-09-22

European Market, The Euromarket bourses are currently on a declining trend across the board. London's FTSE slide by 0.98% to 7,315.83,  Germany's DAX  retreated by 1.01% to 13,536.15 while France's CAC followed suit with a decline of 1.43% to 6,169.03. 

Asia MarketAsian stocks The investors' sentiments are mixed Monday morning. Tokyo's Nikkei 225 index decreased by 2.53% to 26,319.34, China's Shanghai climbed by 0.09 % to 3,004.14 while Hang Seng in Hong Kong also retreated by 3.81 % to 20,001.96.

Cryptocurrencies, dropped significantly to $33,397.22 by the hour.




























 


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