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US Stocks: Big gains registered in the tech market with Twitter and Meta leading the race

Amelia Young by Amelia Young
May 26, 2022
in US Stocks
0

Home » US Stocks: Big gains registered in the tech market with Twitter and Meta leading the race

NEW YORK, May 26 (FintechZoom):  A wave of positivity ran over the markets today. All major indices were up gaining more than 1.5%. The process of cutting losses stacked so far this week is proceeding on the right path: S&P surged  2%, NASDAQ gained +2.6%, and Dow Jones Industrial Average up +1.7%.

Protagonists of this market session have been retailers which have been victims of sell-offs recently and now flexing again in front of all the other stocks.

Specifically, Macy’s raised its outlook and its stocks went up by 19.31% Dollar tree as well hiked more than 19%.

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Big gains registered also in the tech market with Twitter and Meta leading the race.

In details stocks from the the tech sector performed extremely well: Microsoft and Meta, respectively +1.28% and +4.27%: Amazon (+4.04%), Snap (+4.87%), and Netflix (+1.83%), Google (+2.33%), Paypal (+0.39%) and Twitter +6.31%, Apple +2.44%.

Chipset producers AMD and NVIDIA respectively increased by +6.53% and +5.23%.

Thanks to this surge for the chipset sector they’re halfway to recovering losses staked during the week.

Moreover, Nvidia reported better than expected first-quarter results.

Smart mobility almost recovered all the losses stacked during the week on the LYFT side. In detail: Lyft signed a +6.37% and Uber Technologies went up by +4.65%.

The energy sector kept stacking positive results this Thursday with most of the stocks gaining more than 0.8%. In brief the energy sector: BP reported a +0.88%, Baker Hughes (+3.85%), APA(+0.65%), Devon Energy Corporation (+2.59%) Schlumberger NV (+3.65%), Halliburton (+3.64%).

Another positive day also for the financial services sector which saw the stocks closing the day in a remarkable upward trend: Signature Bank and Citigroup closed respectively +2.75% and +2.64%. All the others followed this upward trend: Visa (+2.40%) and American Express (+3.00%), JPMorgan Chase (+1.78%), Morgan Stanley (+3.39%), Goldman Sachs +2.83%.

This Thursday session, airlines have been able to cut losses, in detail: Boeing gained around +4.65%, United Airlines up (+6.94%), Alaska Air Group (+4.25%), and American Airlines (+6.88%).

Most traded stocks:

  • AMD  6.40% 116.54M
  • NVIDIA  4.85% 89.85M
  • Apple  1.95% 69.99M
  • Alibaba ADR  14.40% 40.60M
  • Snowflake  -4.43% 32.58M

Top Gainers of US Stocks

  • Redbox Entertainment  104.42%
  • Planet Green  68.41%
  • Immuron  62.02%
  • Creatd  58.46%
  • Apyx Medical  51.05%

Top Losers of US Stocks

  • Avadel Pharma  -58.99%
  • NRX Pharmaceuticals  -57.25%
  • OTR Acquisition  -29.91%
  • COMSovereign Holding Prf A  -27.18%
  • Nutanix  -24.88%
Amelia Young

Amelia Young

She established her career with The New York Times and shifted to The Wall Street Journal in 2017.

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