May 17, 2022

May 17, 2022

U.S. stocks closed up today as the market bounced back from a punishing bear market for the tech-heavy Nasdaq and a sharp pullback for the S&P 500 gained steam.

 

Dow Jones finished +431 at 32,654

S&P 500 finished +81 at 4,088

NASDAQ finished +322 at 11,984

 

The 10 Year Treasury closed up 10 basis points yielding 2.98%

Oil prices closed down $2.12 ending at $112.08 a barrel.

Gold prices closed down $0.30 ending at $1,814 an ounce.

 

In the days’ stock news:

 

  • Walmart closed down 11% after the big-box retailer reported quarterly earnings that significantly missed Wall Street’s expectations. Walmart posted adjusted first-quarter earnings of $1.30 per share on revenue of $141.57 billion. Analysts had expected a profit of $1.48 per share on revenue of $138.94 billion, according to Refinitiv consensus estimates. Walmart cited cost pressures from rising fuel prices, higher inventory levels and overstaffing.
  • United Airlines closed up 8% after the Federal Aviation Administration cleared 52 Boeing 777 planes to fly again, after they were grounded for engine failure. The planes represent 10% of United’s capacity. United has said it plans to bring the planes back gradually starting later this month.

 

Daily Updates

May 17, 2022.

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

May 16, 2022.

U.S. stocks closed lower today with equities resuming a downward...

May 11, 2022.

U.S. stocks dropped sharply today as investors digested a key...

Monthly Updates

New 52 Week Low.

Coming off the month of April that saw the worst...

Worst Monthly S.

At the end of March, the S&P 500 was down...

Worst Quarter i.

After back-to-back down months to start the year, March began...

Stay up to date with our newsletter