Market Debrief (Thursday March 31, 2022)

 Happy Thursday Stock Talkers!


Major indices suffered some major declines on Thursday, which closed out the first quarter of 2022. This was the first quarter that major indices finished down since 2020. A lot of weight on todays trading was based on Biden's announcement to release oil from the reserves to try and mitigate spiking gas prices. His plan consists of releasing 1 million barrels of oil a day starting in May and continuing this trend for 6 months. This will be interesting to see how it pans out, as our president has put the blame on Putin for the rising energy prices and claims we don't have the necessary resources to supply our oil at reasonable prices. In positive news, April has been a historically favorable month for stocks over the past decade and a half. Investors gained some optimism with a 4 day winning streak appearing at the beginning of the week, but two back to back days of losses bring back a fear of volatility in the market. I and all other investors are hoping for a solid April to get us back on track and hopefully a strong start to the second quarter in 2022. 

Major Indices:    

  • S&P 500      4,530.41 -72.04 (-1.57%)
  • DJI              34,678.35 -550.46 (-1.56%)
  • Nasdaq        14,220.52 -221.76 (-1.54%)

Most Active Stocks (Volume):

  • Advanced Micro Devices, Inc. ($AMD) (146.429M)
  • AMC Entertainment Holdings, Inc. ($AMC) (84.385M)
  • Apple Inc. ($AAPL) (94.645M)

Notable Gainers (Large Cap):

  • N/A

Notable Losers (Large Cap):

  • UiPath Inc. ($PATH) (-25.66%)
  • DiDi Global Inc. ($DIDI) (-14.97%)
  • Wayfair Inc. ($W) (-8.80%)

Company News:

  • Kohl's calls on shareholders to reject Macellum's proposal.
  • Blue Origin has launched its first New Shepard space crew of 2022.
  • Airlines are battling for international travelers by adding luxury suites and roomier seats.
  • Walgreens stock plummeted today as pandemic demand slows and investments in health-care are ramping up.


*Information from Yahoo Finance, Nasdaq, Fox Business, CNBC, and Kiplinger's

Comments

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