May 3, 2022

U.S. stocks closed up today after a whipsaw session in markets a day earlier, as investors appraised the next moves by the Federal Reserve and a fresh batch of quarterly earnings results.

Dow Jones finished +67 at 33,128

S&P 500 finished +20 at 4,175

NASDAQ finished +28 at 12,563

The 10 Year Treasury closed down 1 basis point yielding 2.98%

Oil prices closed down $2.41 ending at $102.76 a barrel.

Gold prices closed up $3.50 ending at $1,867 an ounce.

In the days’ stock news:

Expedia closed down 14% after the company reported a mixed earnings report that led at least eight Wall Street analysts to cut their price targets on the stock. Expedia posted a loss of 47 cents per share for its most recent quarter, although that was narrower than the loss expected by analysts, by 15 cents per share, according to Refinitiv.
Clorox closed up 3% after the maker of cleaning products surpassed earnings expectations. Clorox earned $1.31 per share on revenues of $1.81 billion in its most recent quarter. Analysts surveyed by Refinitiv forecast 97 cents earnings per share on revenues of $1.79 billion. The firm also lowered its full-year gross margin estimates.