Earning reports again on the wave on this last day of the weak. Markets were tizzy as some stocks failed to show their performance in their earning reports. In a turbulent week due to macroeconomical notes, those earning reports failed to support a possible market surge.
At the market
All the major S&P 500 sectors fell, with healthcare department leading the band, due to below the expectations profit forecast from HCA Healthcare (-22%) which provoked a sharp decrease in its shares.
In the healthcare sector marked decreases also for Tenet Healthcare (-15.65%) Community Health (-17.93%) and Universal Health (-13.96%) all of them dropping above 13%.
Giant Corporate are also continuing to feel the effects of Jerome Powell hawkish pivot had during the last IMF meeting on Thursday. Which announced 50 basis points increase will be discusse in May.
Tech stocks experienced another turmoiled session with Meta Platforms (-2.11%), Amazon (-2.66%), Twitter (+3.93%), Microsoft (-2.41%), Google (-4.15%).
Still in the red Netflix (-1.24%).
It has been a reporting day also for the apparel company GAP Inc(-17.98%) in sharp decrease after the cut of its forecast for quarterly sales.
In red also Verizon Communications Inc (-5.64%) due to dismal full-year forecast.
In red news we have also Tesla’s which record results announced on Thursday, didn’tbrought the stock up for another day (-0.37%) . Shares of The Electric Company are now tradable at $1,005.05
Snap. Inc which shares rose modestly (+1.16%), despite the user gains reported.
Air companies moved mixed in the market, United Airlines stock (+1.20%), Alaska Air Group (-3.79%) and American Airlines (-0.20%).
Surfing the negative wave we have also AT&T (-3.41%) and the energy stocks: Baker Hughes (-2.16%), APA(-3.51%) and Devon Energy Corporation (-5.04%).
In free fall with the market all the Financial sector which saw American Express (-2.80%), JPMorgan Chase (-2.87%), Visa (-3.83%) and Goldman Sachs (-4.35%) ending the week on the red side.
Most traded stocks
- Apple -2.78% Volumes 86.23M
- AMD -1.90% Volumes 73.94M
- NVIDIA -3.31% Volumes 61.74M
- Netflix -1.24% Volumes 37.15M
- Meta Platform -2.11% Volumes 36.17M
Top Gainers of US Stocks
- Vallon Pharmacy +100.89%
- Moving iMage Technology +38.26%
- Blueknight +38.18%
- Cyngn +26.89%
- Sky Harbour +26.34%
Top Losers of US Stocks
- Babylon Holding -52.70%
- Dogness A -46.00%
- Ion Geophysical -27.86%
- BigBearai Holding -27.54%
- Fednat Holding -26.48%