Friday's Market Recap - Stocks Soared In Today's Trading Technology & Consumer Discretionary.
- cashtonsaunders
- May 27, 2022
- 2 min read
What is The Premarket Telling Us?
Friday, May 27, 2022, 7:38 AM.
US stock futures were modestly higher. The Dow was unchanged, Nasdaq was up 40 points, and S&P was up 7 points. Asian markets ended with gains.
On The Bond Desk:
The US 10 Year Bond Yield at 2.756%, up 0.070%.
Currency Desk:
Eurodollar: 1.07
UK Pound: 1.26
Crude Oil:
WTI crude oil futures at $113.39/barrel, down 0.61%.
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 higher. Japan (Nikkei 225) up 0.66%, Shanghai up 0.24%, Hong Kong (Hang Seng) up 2.72%.
Major European markets closed higher. German (DAX) up 1.62%, France CAC 40 up 1.64%, London FTSE 100 up 0.27%.
Market And Sector Dynamics
Markets opened the trading session convincingly higher, with the Dow up 56 points, Nasdaq up 165 points, and the S&P up 33 points. WTI crude started the day off slightly lower, at $113.97/barrel, down 0.11%. The US 10 Year Bond Yield ticked lower, down 3.1 basis points to 2.7250%.
Stocks rallied from start to finish in today's session and closed at the intraday high.
All eleven S&P sectors ended with solid gains today, led by Consumer Discretionary, Technology, Real Estate, Communication Services, Basic Materials, Industrials, Financials, Healthcare, Energy, Utilities, and Consumer Staples.
Factors Influencing Today's Market
Both Asian and European markets ended with gains today.
US 10 Year Bond Yield closed at 2.743%, up 0.06%.
WTI crude oil price closed at $115.07/barrel, up 0.86%.
Baker Hughes US Oil Rig count fell 2 to 574 total.
Market Close Volume Traded And Advance Decline Ratio
US stocks soared higher again today. At the close the Dow rocketed 575.77 points, Nasdaq climbed 390.48 points, and the S&P gained 100.40 points. Total NYSE volume traded was a light 4.41 billion shares. Advancing shares outpaced Declining by 6.11:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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