The fifth of May 2022 is the reddest day for Dow Jones since 2020. Due to pressure from tech stocks and Treasury Yields climbing to multi-year highs.
At the closure of the market session, S&P lost -3.6%, NASDAQ -5% and Dow Jones Industrial Average fell -3.1%.
After the positive day experienced on Wednesday, this Thursday has been tremendous with the tech stocks. AMD (-5.58%) and the tech were mainly down with Amazon (-7.56%), Google (-4.75%), Meta (-6.77%), Microsoft (-4.63%), Netflix (-7.69%), Snap (-9.58%), and Paypal -7.86%. In green only Twitter reported a gain of +2.65%.
On the mobility sector after the Wednesday tizzy session: LYFT gained 2.18%, while Uber Technologies signed another day in red losing -4.25% being now traded at 26.83$.
The energy sector ended the day in red even if oil prices went up thanks to OPEC planning to increase production by 432,000 barrels per day.
BP reported a -1.98%, Baker Hughes (-2.50%), APA(-8.63%), Devon Energy Corporation (-0.87%) Schlumberger NV (-1.22%), Halliburton (-3.65%).
The financial sector was brought down with the rest of the market.
Visa (-4.33%), American Express (-3.83%), JPMorgan Chase (-2.50%), and Goldman Sachs (-3.41%), Morgan Stanley (-2.61%).
The uncertainty given from the market does not limit the investors fretting over from Covid spreading in China still affects the investors which anyway are betting on the upcoming season: Boeing gained around -4.14%.
The other Air companies moved up on the market: United Airlines stock (-5.78%), Alaska Air Group (-4.41%) and American Airlines (-5.50%).
Most traded stocks:
- AMD -5.58% 152.69M
- Apple -5.57% 129.64M
- NVIDIA -7.33% 62.37M
- Microsoft -4.36% 42.98M
- Meta Platforms -6.77% 41.02M
Top Gainers of US Stocks
- Immuron 196.57%
- Metromile 37.78%
- Hudson 26.89%
- JE Cleantech Holdings 24.83%
- Intercept 21.00%
Top Losers of US Stocks
- Edible Garden -42.08%
- Bioatla -41.18%
- Nephros -40.59%
- Evofem Biosciences -32.93%
- Singularity Future Tech -28.89%
