× Startups Business News Education Health Finance Technology Opinion Wealth Rankings Politics Leadership Sport Travels Careers Design Environment Energy Luxury Retail Lifestyle Automotives Photography International Press Release Article Entertainment
×

March 17, 2022

MAJOR INDEXES

Market report as of 16th Mar., 2022   

NAME                  LAST  CHG %CHG
S&P 500                       4,357.8600 95.4100 2.240
NASDAQ                  13,436.550 487.930 3.770
DJIA                         34,063.100 518.760 1.550
*FTSE                      7,326.8200* 35.1400 0.480
*NIKKEI              26,652.890* 890.880 3.460
*HSI                  21,501.230* 1413.73 7.040
*SHANGHAI          3,215.0400* 44.3300 1.400
VIX                           26.7100000 0.04000 0.150
*DAX                    14,486.890* 46.1500 0.320



S&P500 MARKET MOVERS

TOP
EPAM
Epam Systems Inc
25.187%  
MRNA
Moderna Inc
14.340%  
LVS
Las Vegas Sands Corp
11.880%  
JBHT
J.B. Hunt Transport Services Inc
9.5890%  
MU
Micron Technology Inc
8.9730%  

BOTTOM

NLOK
NortonLifeLock Inc
13.285%  
CF
CF Industries Holdings Inc
7.063%  
LMT
Lockheed Martin Corp
6.091%  
LHX
L3harris Technologies Inc
5.688%  
NOC
Northrop Grumman Corp
5.223%  



SECURITIES

BONDS

NAME YIELD CHG
US 10-YR 2.142 -0.0450
US 30-YR 2.408 -0.0500
US 5-YR 2.147 -0.0490
US 2-YR 1.936 -0.0330
US 3-MO 0.449 -0.0100
BUND 10-YR 0.367 -0.0310
JPN 10-YR 0.204 +0.0050
UK 10-YR 1.599 -0.0300




FUTURES & COMMODITIES

NAME LAST CHG %CHG
*OIL 97.8700 +2.83 +2.9780
*NAT GAS 4.73700 -0.011 -0.2300
*GOLD 1,942.5 +33.3 +1.7440
*SILVER 25.5000 +0.79 +3.2000
*WHEAT 1,066.0 -3.250 -0.3000
*COPPER 4.66100 +0.06 +1.3000



CURRENCIES

NAME LAST CHG %CHG
JPY/USD 0.8420 +0.0000 +0.040
USD INDEX 98.240 -0.3800 -0.380
USD/JPY 118.69 -0.0300 -0.025
GBP/USD 1.3200 +0.0050 +0.400
EUR/USD 1.1050 +0.0020 +0.170
USD/CAD 1.2660 -0.0020 -0.134
AUD/USD 0.7330 +0.0040 +0.520



Analyst View
U.S Market, the U.S. bourse received the news of the long-awaited interest rate hike yesterday in a bid for inflation pressure to be moderated. This is the first hike since 2018. The market responded with gains across the board. The Dow Jones Industrial Average rose over 500 points or 1.5%, while the S&P 500 and Nasdaq Composite gained 2.2% and 3.7%. 


Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34063.1 +518.76 +1.55%
SP500 S&P 500 4357.86 +95.41 +2.24%
I:COMP NASDAQ COMPOSITE INDEX 13436.55 +487.93 +3.77%

Commodities, Oil prices bounced around with U.S. crude dropping 1.4% to $95.04 per barrel, while Brent, the global benchmark, traded down 1.9% to $98.02 level. 


FED Rate Hike, The Fed, as expected, raised its key short-term rate by 0.25 percentage points and signaled rates would hit 1.9% by year-end marking the start to a series of about six rate hikes this year. Policymakers also indicated the Russia Ukraine conflict is adding "economic hardship" and creating "additional upward pressure."

Treasury Bills, The 10-year Treasury yield rose to 2.18%, a new 52-week high. 

Corporate actions, In stocks, Starbucks CEO Kevin Johnson is retiring and will be replaced on an interim basis by Howard Schultz, who helped grow the coffee giant into a global brand. He also dabbled in politics and considered a presidential run. 

Ticker Security Last Change Change %
SBUX STARBUCKS CORP. 87.41 +4.29 +5.16%


Pfizer and partner BioNTech have asked the Food and Drug Administration to approve a second COVID-19 booster shot. 

Ticker Security Last Change Change %
PFE PFIZER INC. 52.92 +0.71 +1.36%
BNTX BIONTECH SE 163.92 +18.88 +13.02%

Shares of Alibaba, JD.com and Didi Global rose after China’s government tried to reassure jittery investors by promising support for its struggling real estate industry, internet companies, and entrepreneurs after regulatory crackdowns.  

Ticker Security Last Change Change %
BABA ALIBABA GROUP HOLDING LTD. 104.92 +28.19 +36.74%
JD JD.COM INC. 64.08 +18.10 +39.36%
DIDI DIDI GLOBAL INC 2.55 +0.75 +41.67%

Retail market, Retailers were active after sales for February rose 0.3% month-over-month, after a larger-than-expected gain of 3.8% in January. Excluding the automotive component, spending rose 0.2%, down from January’s 3.3% pop. Both components came in weaker than expected. Separately, Walmart announced plans to hire 50,000 workers in "stores, clubs, campuses and supply chain facilities" as it continues to ramp up staffing. 

Ticker Security Last Change Change %
WMT WALMART INC. 145.35 -0.43 -0.29%
TGT TARGET CORP. 215.59 +0.24 +0.11%
KSS KOHL'S CORP. 63.11 +9.29 +17.25%

In cryptocurrencies, Bitcoin crossed back above the $40,000 level. 

SPOT MARKET  BY THE HOUR AS OF GMT 09;37  03-17-22

European Market, Current trading sentiments are negative and all monitored stocks are falling. London's FTSE decreased by 0.18% to 7,305.07, Germany's DAX  0.14 to 14,420.35 and France's CAC also jumped by 0.09% to 6,581.59. 

Asia MarketAsian stocks Current investment sentiments are choppy and uncertainties pervade the atmosphere. Tokyo's Nikkei 225 index climbed by 3.46% to 25,762.01, the Hang Seng in Hong Kong retreated by 7.04% to 21,501.23 while China's Shanghai also dipped by 1.4%  to 3,215.04.


Cryptocurrencies, at an intraday range of $40,588.88 by the hour and a maximum of $41,497.24 in 24 hours.














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