Federal reserve speech was under the spotlight on Wednesday market day due to the rise of the interest rates by 50 basis points
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.
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%