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Global Market Trend As Of May 10th, 2022

May 10, 2022

MAJOR INDEXES

 

Market report as of May 9th, 2022   

NAME                  LAST  CHG %CHG
S&P 500                       3,991.2400 -132.10 -3.200
NASDAQ                  11,623.250 -521.41 -4.290
DJIA                         32,245.700 -653.67 -1.990
*FTSE                      7,275.1800* 58.600 0.8100
*NIKKEI              26,167.100* -152.24 -0.580
*HSI                  19,633.690* -368.27 -1.840
*SHANGHAI          3,035.8400* 31.7000 1.0600
VIX                           33.3000000 -1.4500 -4.170
*DAX                    13,576.210* 195.540 1.4600



S&P500 MARKET MOVERS

TOP

NWL
Newell Brands Inc
7.918%  
VTRS
Viatris Inc
5.327%  
NWS
News Corp Class B
4.021%  
SWK
Stanley Black & Decker Inc
3.826%  
CPB
Campbell Soup Co
3.463%  

BOTTOM

APA
APA Corp (US)
14.917%  
MRO
Marathon Oil Corp
14.032%  
MOS
Mosaic Co
12.787%  
NCLH
Norwegian Cruise Line Holdings Ltd
12.698%  
RCL
Royal Caribbean Cruises Ltd
12.083%  



SECURITIES

BONDS
NAME YIELD CHG
US 10-YR
3.010 -0.069
US 30-YR
3.123 -0.085
US 5-YR
2.932 -0.051
US 2-YR
2.602 -0.018
US 3-MO
0.930 +0.013
BUND 10-YR
1.054 -0.0370
JPN 10-YR
0.249 +0.004
UK 10-YR
1.894 -0.0610



FUTURES & COMMODITIES

NAME LAST CHG %CHG
*OIL
103.990 +0.900 +0.873
*NAT GAS
6.98400 -0.042 -0.600
*GOLD
1,861.60 +3.000 +0.161
*SILVER
21.9400 +0.120 +0.550
*WHEAT
1,104.25 +11.50 +1.050
*COPPER
4.20800 +0.014 +0.330



CURRENCIES

NAME LAST CHG %CHG
JPY/USD
0.7690 +0.001 +0.160
USD INDEX
103.63 -0.020 -0.0200
USD/JPY
130.05 -0.200 -0.1540
GBP/USD
1.2330 -0.000 -0.0320
EUR/USD
1.0560 +0.001 +0.090
USD/CAD
1.3000 -0.001 -0.0690
AUD/USD
0.6960 +0.000 +0.040



Analyst's Views
U.S Markets, U.S. bourses were dominated by negative sentiments and the market retreated for the third day on Monday. The S&P 500 went below the key 4,000 level as investors brace for another week of volatility amid a fresh report on inflation, as well as the winding down of the first-quarter earnings season.

The Dow Jones Industrial Average fell over 600 points or 2%, while the Nasdaq Composite fell 4%, and the S&P dipped to levels not seen since April 2021. 
 
Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 32245.7 -653.67 -1.99%
SP500 S&P 500 3991.24 -132.10 -3.20%
I:COMP NASDAQ COMPOSITE INDEX 11623.2484 -521.41 -4.29%

Treasury yields, the 10-Year Treasury Yield remained above 3%. Currently, 436 companies in the S&P 500, or almost 90% of the benchmark index, have posted January through March results, and so far the numbers are well ahead of forecasts.

Earnings report, Tyson Foods bucked the selling as higher prices for beef, chicken and pork helped sales rise at the meat processor. 

Ticker Security Last Change Change %
TSN TYSON FOODS INC. 92.84 +2.02 +2.22%

Rivian shares fell after Ford trimmed its stake in the electric vehicle maker by 8%.

Ticker Security Last Change Change %
RIVN RIVIAN AUTOMOTIVE INC. 22.78 -6.01 -20.88%
F FORD MOTOR CO. 13.37 -0.84 -5.91%

Richard Branson's Virgin Galactic took a dip after Truist Securities analyst Michale Ciarmoli slashed its price target $24 to $8 per share after the space company delayed commercial travel plans until 2023. 

Ticker Security Last Change Change %
SPCE VIRGIN GALACTIC HOLDINGS INC. 6.07 -0.73 -10.74%

Commodities, Oil slipped, along with Gold, with U.S. crude hovering at $103 per barrel and the yellow metal at $1857 an ounce.

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 76.57 -5.56 -6.77%
GLD SPDR GOLD SHARES TRUST - EUR ACC 172.88 -2.54 -1.45%

As crude dipped so did the major oil companies including Marathon, ExxonMobil, and Chevron as lockdown worries in China threaten demand. 

Ticker Security Last Change Change %
MRO MARATHON OIL CORP. 24.22 -3.93 -13.96%
CVX CHEVRON CORP. 159.25 -11.44 -6.70%
XOM EXXON MOBIL CORP. 84.46 -7.23 -7.89%

Gas prices, per AAA, traded back above $4.30 per gallon.


Bitcoin also took a hit falling to the $31,000 level. 



SPOT MARKET  BY THE HOUR AS OF GMT 09:14  05-09-22

European Market, The investors' appetite response to the marginal elevation of the FED rate is positive as all Euro bourses are climbing across the board. London's FTSE slide by 0.76% to 7,271.41,  Germany's DAX  retreated by 1.48% to 13,578.52 while France's CAC followed suit with a decline of 1.34% to 6,167.51. 

Asia MarketAsian stocks The investors' sentiments are mixed Thursday morning. Tokyo's Nikkei 225 index decreased by 0.58% to 26,167.1, China's Shanghai climbed by 1.06 % to 3,067.76 while Hang Seng in Hong Kong also followed suit with a retreat of 1.84% to 19,633.69.

Cryptocurrencies, at an intraday range of $29,731.03 by the hour and a maximum of $32,650 in 24 hours.




























 


SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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