18 May US Stocks: Which stocks are gaining value and why:
Turmoil on the market which definitely tumbled this Wednesday. After some gains stacked on Monday and Tuesday on Wednesday, all the indices closed in the red. More in detail: S&P fell -4.04%, NASDAQ -4.7%, and Dow Jones Industrial Average -3.57%.
The tech market led the fall with the big of the industry down more than 5%.
Microsoft and Meta, respectively down -4.55% and -5.12%: Amazon (-7.16%), Snap (-7.38%), and Netflix (-7.02%), Google (-3.69%), Paypal (-3.22%) and Twitter -3.84%.
Chipset producers AMD and NVIDIA respectively fell -6.04% and -6.82%.
The smart mobility sector saw Lyft (-7.96%) and Uber Technologies (-7.19%) in a downward trend, almost erasing the gains piled in the first two days of the week.
The energy sector stopped its rally, after a good closure on Tuesday, they fell again on Wednesday.
Among the major losers: BP reported a -1.18%, Baker Hughes (-1.48%), APA(-6.24%), Devon Energy Corporation (-3.66%) Schlumberger NV (-4.24%), Halliburton (-4.96%).
On the financial services, the market saw all the stocks in red: Signature Bank and Citigroup both lost more than 3%, specifically they closed respectively down -3.53% and -3.39%. All the others followed: Visa (-1.97%) and American Express (-3.55%), JPMorgan Chase (-1.71%), Morgan Stanley (-2.70%), Goldman Sachs -1.99%.
The air-travel companies almost burned the earnings piled during the first days of the week, which led: Boeing lost around -4.95%, United Airlines falling (-4.98%), Alaska Air Group (-3%), and American Airlines (-5.22%).
Most traded stocks:
- AMD -6.04% 141.76M
- Apple -5.64% 108.65M
- NVIDIA -6.82% 53.48M
- Target -24.93% 50.81M
- Walmart -6.79% 34.54M
Top Gainers of US Stocks
- Bright Green 90.45%
- DecisionPoint Systems 70.86%
- Troika Media Group 48.21%
- Armstrong Flooring 45.96%
- Magenta Therapeutics 32.20%
Top Losers of US Stocks
- Visionary Education Technology -80.00%
- Endo Int -46.54%
- Baudax Bio -31.53%
- INVO Bioscience -29.45%
- China SXT Pharma -27.93%
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