U.S Markets, there was a positive uplift for the U.S. stocks as it jumped in Tuesday trading as investors digested a round of fresh retail earnings and economic data along with comments from Federal Reserve Chairman Jerome Powell. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 32654.59 +431.17 +1.34%
HD THE HOME DEPOT INC. 301.00 +4.55 +1.53%
WMT WALMART INC. 131.39 -16.89 -11.39%

Home Depot shares helped lift the Dow Jones Industrial Average over 430 points or 1.3% after profits and sales exceeded estimates. Walmart shares fell after reporting a 25% drop in profits as inflation remains a headwind for its shoppers. 

The S&P 500 and Nasdaq Composite also gained by 2% and 2.7%, respectively helped by tech and material stocks. 

Powell indicated policymaker's main goal is stomping out inflation and ongoing rate hikes are appropriate with 50 basis point increases on the table at forthcoming meetings. 

Retail sales Data, retail sales data for April rose 0.9%, despite inflation, while industrial production rose 1.1% and manufacturing output 0.8% both better than expected, suggesting an improving economy.  

Ticker Security Last Change Change %
SP500 S&P 500 4088.85 +80.84 +2.02%
I:COMP NASDAQ COMPOSITE INDEX 11984.522877 +321.73 +2.76%
XLK TECHNOLOGY SELECT SECTOR SPDR ETF 138.61 +3.97 +2.95%
XLB MATERIALS SELECT SECTOR SPDR ETF 84.70 +2.31 +2.80%

Citigroup shares rallied after Warren Buffett disclosed a new 8% stake in the bank worth nearly $3 billion. 

Ticker Security Last Change Change %
C CITIGROUP INC. 51.13 +3.64 +7.66%

Twitter shares remain in focus after CEO Elon Musk set a key condition for his pending $44 billion purchase of Twitter to go through: transparency on the number of fake or spam accounts.Musk tweeted, "20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s SEC filings being accurate."

He followed up by pushing a Twitter poll on whether the percentage of daily users, 95% being unique humans, were accurate. 


Ticker Security Last Change Change %
TWTR TWITTER INC. 38.28 +0.90 +2.41%

Commodities, oil slipped by 1.5% to $112.40 per barrel, while gas prices rose to $4.52 per gallon per AAA, a fresh record. 



SPOT MARKET  BY THE HOUR AS OF GMT 10:15  05-18-22

European Market, The investors' appetite is currently mixed and positive. London's FTSE climbed by 0.04 % to 7,521.65, Germany's DAX  jumped by 0.09% to 14,198.35 while France's CAC retreated by 0.02% to 6,431.67

Asia MarketAsian stocks The investors' sentiments are currently mixed. Tokyo's Nikkei 225 index increased by 0.94% to 26,911.2, China's Shanghai declined by 0.25 % to 3,085.98 while Hang Seng in Hong Kong jumped by 0.2% to 20,644.28.


Cryptocurrencies,
 at an intraday range of $29,664.08 by the hour and a maximum of $30,670 in 24 hours.





























 


SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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