NEW YORK, May 23 (FintechZoom) – US Stocks: Which stocks are gaining value and why:
- Microsoft and Meta, respectively +3.20% and +1.39%
- Amazon (-0.03%), Snap (-3.40%), and Netflix (+0.58%), Google (+2.15%), Paypal (+0.79%) and Twitter -1.12%.
- Visa (+4.29%) and American Express (3.78%), JPMorgan Chase (+6.19%)
The market began the week showing its muscle in the US thanks to the increasing values in the main indices: S&P gained 1.9%, NASDAQ +1.59%, and Dow Jones Industrial Average gained +2%.
The tech market closed mainly up and big tech stocks played an important role in strengthening the market, thanks to investors buying the dip reached in the last week.
Microsoft and Meta, respectively +3.20% and +1.39%: Amazon (-0.03%), Snap (-3.40%), and Netflix (+0.58%), Google (+2.15%), Paypal (+0.79%) and Twitter -1.12%.
Apple is again remarkably in green +4.01% after a couple of sessions from the last week where despite an increase in iPhone target sales it lost a few points.
Chipset producers AMD and NVIDIA respectively up +1.68% and +1.22%.
Smart mobility is holding the position reached with the two giants again in green. The sector saw Lyft (+5.98%) and Uber Technologies (+1.84%).
The energy sector stacked a lot of gains at the beginning of the week with most of the stocks gaining more than 1.5%. In brief the energy sector: BP reported a +2.65%, Baker Hughes (+3.36%), APA(+5.98%), Devon Energy Corporation (+1.63%) Schlumberger NV (+6.54%), Halliburton (+4.44%).
The financial services sector saw the stocks closing the day mixed: Signature Bank and Citigroup closed respectively +3.59% and +6.07%. All the others followed this uncertainty: Visa (+4.29%) and American Express (3.78%), JPMorgan Chase (+6.19%), Morgan Stanley (+3.70%), Goldman Sachs +3.20%.
Positive movement also for the travel companies which lead from American Airlines. Boeing gained around +2.79%, United Airlines up (+2.78%), Alaska Air Group (+0.78%), and American Airlines (+3.01%).
Most traded stocks:
- AMD 1.68% 127.32M
- Apple 4.01% 115.61M
- NVIDIA 1.22% 62.84M
- Microsoft 3.20% 32.83M
- Tesla 1.66% 29.00M
Top Gainers of US Stocks
- Catalyst Biosciences 234.21%
- GeoVax Labs 66.91%
- Redbox Entertainment 62.37%
- Lixiang Education 58.00%
- View 43.35%
Top Losers of US Stocks
- Nymox Pharmaceutical -63.85%
- Pershing Square Tontine Holdings -33.26%
- Inotiv -28.31%
- Molecular Data -22.40%
- Austerlitz Acquisition II Wnt -21.89%
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