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Global Market Trend As Of May 11th, 2022

May 11, 2022

MAJOR INDEXES
Market report as of May 10th, 2022   

NAME                  LAST  CHG %CHG
S&P 500                       4,001.0500 9.8100 0.250
NASDAQ                  11,737.670 114.42 0.980
DJIA                         32,160.740 -84.96 -0.26
*FTSE                      7,329.5700* 86.350 1.190
*NIKKEI              26,213.640* 46.540 0.180
*HSI                  19,824.570* 190.88 0.970
*SHANGHAI          3,058.7000* 22.860 0.750
VIX                           32.0700000 -0.920 -2.79
*DAX                    13,666.190* 131.45 0.970



S&P 500 MARKET MOVERS

TOP

FTNT
Fortinet Inc
6.757%  
SYY
Sysco Corp
6.13%  
MCHP
Microchip Technology Inc
6.127%  
IFF
International Flavors & Fragrances Inc
5.030%  
INCY
Incyte Corp
4.804%  

BOTTOM

XRAY
DENTSPLY SIRONA Inc
7.312%  
NWL
Newell Brands Inc
6.760%  
MO
Altria Group Inc
6.678%  
VTR
Ventas Inc
5.447%  
PLD
Prologis Inc
5.258%  



SECURITIES

BONDS
NAME YIELD CHG
US 10-YR
2.938 -0.055
US 30-YR
3.081 -0.048
US 5-YR
2.862 -0.056
US 2-YR
2.590 -0.033
US 3-MO
0.937 +0.03
BUND 10-YR
0.971 -0.032
JPN 10-YR
0.254 +0.006
UK 10-YR
1.810 -0.040



FUTURES & COMMODITIES

NAME LAST CHG %CHG
*OIL
103.3100 +3.550 +3.559
*NAT GAS
7.488000 +0.103 +1.390
*GOLD
1,850.30 +9.300 +0.505
*SILVER
21.79000 +0.366 +1.710
*WHEAT
1,110.25 +17.50 +1.600
*COPPER
4.234000 +0.080 +1.910



CURRENCIES

NAME LAST CHG %CHG
JPY/USD
0.7710 +0.0050 +0.600
USD INDEX
103.40 -0.5200 -0.500
USD/JPY
129.64 -0.7900 -0.606
GBP/USD
1.2380 +0.0060 +0.490
EUR/USD
1.0570 +0.0050 +0.440
USD/CAD
1.2960 -0.0070 -0.4990
AUD/USD
0.7010 +0.0080 +1.120



Analyst Views

U.S Markets, U.S. bourse trading session on Tuesday was choppy and a gradual coming out of the red position as if a positive response to President Joe Biden's promise to tame red-hot inflation.
Bitcoin remained around the $31,000 level. 

Joe Biden, "I want every American to know that I'm taking inflation very seriously," Biden said in remarks from the White House. "It's my top domestic priority." His comments echo similar comments from Federal Reserve Chairman Jay Powell last week and come ahead of Wednesday's Consumer Price Index for April which is expected to show inflation remains above 8%. 

 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 32160.74 -84.96 -0.26%
SP500 S&P 500 4001.05 +9.81 +0.25%
I:COMP NASDAQ COMPOSITE INDEX 11737.670959 +114.42 +0.98%

The Dow Jones Industrial Average ended down 85 points or 0.3%, while the Nasdaq Composite climbed about 1% and the S&P crossed back above the 4,000, rising 0.3%, after falling below the key level for the first time since April 2021.

Earnings report, AMC shares rose after posting a smaller than expected loss of $0.52 cents and revenue of $785.7 million — both exceeding estimates.

Ticker Security Last Change Change %
AMC AMC ENTERTAINMENT HOLDINGS INC 11.84 -0.68 -5.43%

Pfizer Deal, In deal news, Pfizer is buying migraine drugmaker Biohaven Pharmaceuticals for $11.6 billion in an all-cash deal. The company's NURTEC drug is the No. 1 prescribed treatment, according to the companies, for migraines. 

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Ticker Security Last Change Change %
PFE PFIZER INC. 49.49 +0.85 +1.75%
BHVN BIOHAVEN PHARMACEUTICAL HLDG CO LTD 140.00 +56.86 +68.39%

In the afternoon attention will turn to integrated oil and gas firm Occidental Petroleum, video game maker Electronic Arts, cryptocurrency exchange Coinbase Global and high-end hotel and casino operator Wynn Resorts among others.

 

Ticker Security Last Change Change %
OXY OCCIDENTAL PETROLEUM CORP. 59.41 +1.57 +2.71%
EA ELECTRONIC ARTS INC. 111.60 -0.44 -0.39%
COIN COINBASE GLOBAL INC. 72.99 -10.52 -12.60%
WYNN WYNN RESORTS LTD. 61.65 +0.32 +0.52%

Commodities, Oil prices fell around 3% with U.S. crude ending at $99.76 per barrel, while Brent, the global benchmark, settled at $102.46. Gas prices, per AAA, hit a record $4.37 per gallon. 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 74.53 -2.04 -2.66%
BNO UNITED STS BRENT OIL FD LP UNIT 29.26 -0.88 -2.92%


SPOT MARKET  BY THE HOUR AS OF GMT 10:16  05-11-22

European Market, The investors' appetite is positive all Euro bourses are climbing across the board. London's FTSE slide by 1.11% to 7,323.89, Germany's DAX  climbed by 1.04% to 13,674.92 while France's CAC followed suit with an increase of 1.8% to 6,227.06. 

Asia MarketAsian stocks The investors' sentiments are positive Wednesday morning. Tokyo's Nikkei 225 index increased by 0.18% to 26,213.64, China's Shanghai climbed by 0.75 % to 3,058.7 while Hang Seng in Hong Kong also followed suit with a jump of 0.97% to 19,824.57.


Cryptocurrencies,
 at an intraday range of $30,219.85 by the hour and a maximum of $31,882.35 in 24 hours.
























 


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