Federal reserve speech was under the spotlight on Wednesday market day due to the rise of the interest rates by 50 basis points
At the closure of the market session, S&P gained +4%, NASDAQ +3.2% and Dow Jones Industrial Average +2.8%.
The outperforming sector today has been the tech with AMD (+9.10%). The chipmaker after its upgrade on the yearly guidance and a better than expected first-quarter result lead the group.
The other tech were mainly up with Amazon (+1.35%), Google (+3.76%), Meta (+5.37%), Microsoft (+2.91%), Netflix (+2.07%), Twitter (+0.39%), Snap (4.25%), and Paypal +2.22%.
On the mobility sector the market saw two giants falling: LYFT (-30%) due to lower than expected first quarter results and a softer guidance attributed to a rise in costs.
On the other hand, Uber Technologies delivered better than expected results but fell as well of around 4% after reporting a loss of 5.9$ billion due to dismal performance of the investments in Grab, Aurora and Didi.
The energy sector has been lifted up as well. BP after yesterday’s reports kept climbing, signing a +2.15%.
Other stocks ended all up: Baker Hughes (+4.25%), APA(+6.30%), Devon Energy Corporation (+5.38%) Schlumberger NV (+6.10%), Halliburton (+3.85%).
The financial sector benefited as well from this market positivity.
Visa (+2.86%), American Express (3.32%), JPMorgan Chase (+3.31%), and Goldman Sachs (+3%), Morgan Stanley (+4.14%) and Global Payments (+4.38%).
The uncertainty given from Covid spreading in China still affects the investors which anyway are betting on the upcoming season: Boeing gained around +2%.
The other Air companies moved up on the market: United Airlines stock (+1.01%), Alaska Air Group (+0.83%) and American Airlines (+2.56%).
To be reported as well the incredible performance from Starbucks which reported its first quarter results that were much ahead of expectations. It led the Coffee-Chain to climb more than 9% in a single market session.
Most traded stocks:
- AMD 9.10% 224.71M
- Apple 4.10% 107.33M
- NVIDIA 3.73% 64.48M
- Exxon Mobil 3.98% 46.08M
- Meta Platforms 5.37% 41.12M
Top Gainers of US Stocks
- Cemtrex Pref 131.58%
- Rail Vision Unt 60.00%
- TransMedics 40.33%
- Aclarion 36.63%
- Alaunos Therapeutics 35.96%
Top Losers of US Stocks
- Connect Biopharma Holdings -57.72%
- Kezar Life -43.51%
- Immuron -43.15%
- Amarin -43.07%
- Blue Water Vaccines -32.71%
