May 5, 2022

May 5, 2022

U.S. stocks tanked today, giving back gains after a rally on Wall Street on Wednesday, as traders continued to contemplate the Federal Reserve’s latest monetary policy decision.


Dow Jones finished -1063 at 32,997

S&P 500 finished -153 at 4,146

NASDAQ finished -647 at 12,317


The 10 Year Treasury closed up 12 basis points yielding 3.03%

Oil prices closed up $0.49 ending at $108.30 a barrel.

Gold prices closed up $9.40 ending at $1,878 an ounce.


In the days’ stock news:


  • Etsy closed down 16.8% after the company released weaker-than-expected guidance for the current quarter amid a drop in disposable income for consumers. Etsy did report earnings that matched expectations and post better-than-expected revenue.
  • Twitter closed up 2.8% after CNBC’s David Faber reported Elon Musk is expected to serve as temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media platform. Regulatory filings published Thursday also showed Musk received another $7 billion from friends and investors to buy Twitter.


Daily Updates

July 22, 2022.

Stocks ended the day lower with the DOW, S&P, and...

July 15, 2022.

Stocks ended the week higher, with the DOW, S&P and...

May 17, 2022.

U.S. stocks closed up today as the market bounced back...

Monthly Updates

Selling to a 21.

September has a well-deserved reputation as the worst month for...

Selling Resumes.

The worst first 6 months for the market in 52...

Best Month Sinc.

Rising interest rates, rising oil prices and rising inflation sent...

Stay up to date with our newsletter