Market Debrief (Friday April 8, 2022)

 Happy Friday Stock Talkers!


Stocks finished the week mixed, as the Dow Jones was the only major index trading higher. Investors are still eyeing the next policy moves that will be made by the Federal Reserve. Some of the members of the Fed gave their input on Friday, with James Bullard saying that he wants the rates to be near 3% to 3.25% in the second half of this year. With some other things that were mentioned Friday, investors got some clarity that positive things are still happening in the economy. It seemed as if we were going to reach another sell off phase in the middle of this week, when the Fed came out with their plan to cut assets off the balance sheet as well as get aggressive with interest rate hikes. With some clarity and some positive things actually happening, maybe we can see an increase in stock prices next week. We just see a lot of uncertainty at this time, but equity markets have the potential to get back to record highs as the uncertainty subsides and we get some more clarity from the Fed.

Major Indices:    

  • S&P 500      4,488.28 -11.93 (-0.27%)
  • DJI              34,721.12 +137.55 (+0.40%)
  • Nasdaq        13,711.00 -186.30 (-1.34%)

Most Active Stocks (Volume):

  • Advanced Micro Devices, Inc. ($AMD) (92.673M)
  • Twitter, Inc. ($TWTR) (78.791M)
  • Apple, Inc. ($AAPL) (76.756M)

Notable Gainers (Large Cap):

  • Coterra Energy Inc. ($CTRA) (+7.32%)
  • Occidental Petroleum Corporation ($OXY) (+7.14%)
  • DISH Network Corporation ($DISH) (+6.42%)
Notable Losers (Large Cap):

  • Credicorp Ltd. ($BAP) (-8.01%)
  • BeiGene, Ltd. ($BGNE) (-7.97%)
  • Atlassian Corporation Plc ($TEAM) (-7.15%)

Company News:

  • Target goes back into resale with a new ThredUp deal.
  • Tesla may go into lithium mining because it's expensive to acquire.
  • JetBlue is offering flight attendants a $1,000 bonus for increase in spring travel.
  • Jeep has said its new electric Wrangler concept goes 0-60 in 2 seconds.
  • Chipotle is testing tortilla chip-making robots to apprehend labor shortage.
*Information from Yahoo Finance, CNBC, Fox Business, and Nasdaq

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