Monday's Market Recap - Dow Mildly Higher While Nasdaq & S&P End Lower.
- cashtonsaunders
- May 16, 2022
- 2 min read
Updated: May 17, 2022
What is The Premarket Telling Us?
Monday, May 16, 2022, 7:35 AM.
Stock futures were mildly negative at this hour. Dow future was down 58 points, Nasdaq down 66 points, and the S&P down 15 points. Asian markets were mostly lower in their session.
On The Bond Desk:
The US 10 Year Bond Yield at 2.935%, up 0.1180%.
Currency Desk:
Eurodollar: 1.04
UK Pound: 1.22
Crude Oil:
WTI crude oil futures at $109.01/barrel, down 1.34%.
On the Earnings Calendar:
None to report
In M&A News:
None to report
What About The Asian And European Markets?
Major Asian markets ended mixed Japan (Nikkei 225) up 0.45%, Shanghai down 0.34%, Hong Kong (Hang Seng) up 0.11%.
Major European markets closed mixed. German (DAX) down 0.45%, France CAC 40 down 0.23%, London FTSE 100 up 0.63%.
Market And Sector Dynamics
Stocks opened modestly lower across the board with the Dow down 57.11 points, Nasdaq down 81 points, and S&P fell 14.32 points. WTI crude oil was unchanged at $110.49/barrel, and the US 10 Year Bond Yield was down 2.2 basis points to 2.913%.
Markets remained in negative territory for the entire morning as the buyer's strike continued for stocks. Markets turned positive in the afternoon session, but could not hold on to those gains.
Seven of the eleven S&P sectors ended the day with losses, led by Consumer Discretionary, Technology, Real Estate, Financial, Communication Services, Basic Materials, and Industrials. Energy, Healthcare, Consumer Staples, and Utilities ended with gains.
Factors Influencing Today's Market
The stock buyers' strike continued in today's session.
Asian and European markets ended mixed in their sessions.
The US 10 Year Bond closed at 2.886%, down 1.92%.
WTI crude oil closed at $111.77/barrel, up 2.06%.
Market Close Volume Traded And Advance Decline Ratio
US stocks ended today's session mixed to lower. The Dow gained 26.76 points, Nasdaq fell 142.21 points, and S&P fell 15.88 points. Total NYSE volume traded was a light 4.44 billion shares. Advancing and Declining shares were mostly even.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
Comments