US Stock Market on May 12:
- This Thursday was dominated by selling pressure due to raising worries that the Federal Reserve might act on the economy to curb inflation.
- S&P fell 0.13%, NASDAQ +0.1%, and Dow Jones Industrial Average lost -0.3%.
- Amazon (+1.48%), Meta (+1.32%), Snap (+4.26%), and Netflix (+4.77%).
- The financial sector was mainly in the red.
- Energy sector stopped its run with a general decline.
All major indices have been bashful closing all in the same range. More in detail: S&P fell 0.13%, NASDAQ +0.1%, and Dow Jones Industrial Average lost -0.3%.
The tech market in the first moment seemed to fall under bearish pressure but the cheap prices made the bull angry and pushed part of the sector up. Ended in green: Amazon (+1.48%), Meta (+1.32%), Snap (+4.26%), and Netflix (+4.77%). They slipped today: AMD (-0.98%), Google (-0.70%), Microsoft (-1.99%), Paypal (-1.17%) and Twitter -2.19%.
The two giants of smart mobility didn’t take part in the market selloff, but instead, they tried to recover the losses stacked during the week: LYFT surged by +4.91%, and Uber Technologies gained +3.19%.
The energy sector stopped its run with a general decline of their values: BP reported a -0.94%, Baker Hughes (-1.79%), APA(-0.70%), Devon Energy Corporation (-0.11%) Schlumberger NV (+1.72%), Halliburton (-0.37%).
The financial sector was mainly in the red. The captains of this bad day have been Signature Bank and Citigroup respectively -2.74% and -2.31%. All the others followed: Visa (-1.21%) and American Express (-3.84%). The other players of the banking industry performed quite badly: JPMorgan Chase (-0.08%), and Goldman Sachs (-0.71%), Morgan Stanley (-0.38%).
The air-travel companies as well performed very badly: Boeing lost around -4.83%, United Airlines stock (-3.89%), Alaska Air Group (-2.62%), and American Airlines (-3.01%).
Most traded stocks:
- Apple -4.66% 144.76M
- AMD -3.80% 108.39M
- NVIDIA -5.69% 59.19M
- Tesla -3.45% 41.52M
- Microsoft -3.46% 37.00M
Top Gainers of US Stocks
- Allena Pharma 94.87%
- REE Automotive 63.89%
- Lordstown Motors 50.40%
- Jupai Holdings Ltd 46.12%
- Squarespace 41.41%
Top Losers of US Stocks
- Tenon Medical -76.83%
- Atento SA -37.86%
- Chicken Soup -35.57%
- Rockwell Medical -33.45%
- Weidai -30.65%
