The US market finally saw the green light of the race and all the horses decided to run.
At the closure of the market session S&P rose 2.47%, NASDAQ skyrocketed +3.48% and INDEXDJX: .DJI +1.85%.
As we were reporting yesterday during the after hours trading, Meta signed off its quarterly report with revenues which fell short of estimates and guidance was a bit softer than expected. Results in general were above the expectations with an increasing user base. All of that helped Meta Platform to close the day with a stratospheric +17.59%.
The other colleagues from the tech department who were waiting on the stage to report their earnings were Amazon (+4.65%) and Apple (+4.52%) both after the closing bell.
During afterhours Amazon tumbled about 10% after reporting a disastrous first quarter loss, not seen since 2015, guidance as well fell short of estimates.
Apple on the other side started well during the after hours +2% but in a short amount of time went down too by 2%. Market reaction is strange since the results were above wall street expectations and revenues were still stronger.
The rest of the sector saw Netflix again in green (+5.82%), Twitter (+0.97%), Snap (+6.35%), Paypal hike more than 11% after its first -quarter results which beat analysts’ estimates.
Teladoc fell more than 40% after cutting the outlook for 2022. It is traded now at 33.51%
After yesterday tumbled Boeing today had a limited loss (-0.16%)
The other Air companies moved up on the market: United Airlines stock (+3.06%), Alaska Air Group (+2.30%) and American Airlines (+2.42%).
Energy stocks kept hiking as oil prices rose: Baker Hughes (+2.21%), APA(+3.70%), Devon Energy Corporation (+3.13%) Schlumberger NV (+0.40%), Halliburton (+2.17%).
Financial sector was again all in green with another exceptional performance from Visa (+3.06%), in a session which saw American Express (+2.45%), JPMorgan Chase (+1.58%), and Goldman Sachs (+1.65%).
Uncertainty is still paving the road ahead but investors for Ragard are willing to be more risky again.
Most traded stocks:
- Apple 4.52% 112.98M
- Meta Platforms 17.59% 99.87M
- AMD 5.57% 89.61M
- NVIDIA 7.42% 55.72M
- Tesla -0.45% 40.93M
Top Gainers of US Stocks
- Trust Stamp 123.81%
- Statera Biopharma 81.87%
- Swvl Holdings 50.15%
- Allego US 45.31%
- RCM Technologies 44.57%
Top Losers of US Stocks
- Ostin Technology -88.40%
- Sio Gene Therapies -48.57%
- Teladoc Inc -40.15%
- BIOLASE -34.20%
- Limelight -25.06%
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