The US market fell again this Friday, as bearish powers decided to take over on the stage deciding to untrust the Tech Sector.
At the closure of the market session S&P fell 2.5%, NASDAQ tumbled -3.4% and Dow Jones Industrial Average slipped -1.7%.
The big news of the day is Amazon falling more than 15% tumbling to a two-year low. Worst than expected quarterly loss hit the giant. Which is now trading its stocks at 2.466$ losing more than 425$ in just a session.
Apple at the same time after the cash collection happened yesterday (+4.52%), today instead fell under the blows of demand and supply chain troubles and the impact of guidance. In total losing around 3%.
The rest of the sector saw Netflix again in the red (-3.7%), Twitter (+0.11%), Snap (-0.4%), Paypal after yesterday’s hike more than 11% thanks to its first -quarter results, and today lost around 3%.
Boeing tried to recover the loss during the week but gave more than 2%.
The other Air companies moved up on the market: United Airlines stock (-1.37%), Alaska Air Group (-1.22%) and American Airlines (-2.42%).
Energy stocks for the first time in days all in red: Baker Hughes (-3.19%), APA(-1.13%), Devon Energy Corporation (-2.76%) Schlumberger NV (-2.87%), Halliburton (-3.49%).
Financial sector was again all in red making the financial pressure something feared from banks and FS in general: Visa (-3.02%), in a session which saw American Express (-3.28%), JPMorgan Chase (-2.85%), and Goldman Sachs (-3.40%).
Most traded stocks:
- Apple -2.73% 91.30M
- AMD -3.78% 68.03M
- Meta Platforms -1.23% 39.76M
- Alibaba ADR 8.07% 38.99M
- NVIDIA -5.50% 37.84M
Top Gainers of US Stocks
- GTY Tech A 115.37%
- Vaxxinity 88.20%
- Redbox Entertainment 69.26%
- Redbox Entertainment 60.95%
- Cyngn 33.59%
Top Losers of US Stocks
- Accolade -47.65%
- Cemtrex Pref -36.73%
- Genocea Bio -29.25%
- LianBio ADR -22.57%
- Cooper Stnd -22.86%
