Market Debrief (Thursday April 7, 2022)

 Happy Thursday Stock Talkers!


Stocks had a major come back on Thursday, after trading lower for most of the day. All three major indices ended positive on the day as investors feared a 3 day-losing streak. Investors are still digesting the hawkish comments by the Fed yesterday, coming out and saying they were going to shrink the balance sheet. This task is going to be very difficult for the Fed to conquer as they try to hike interest rates as well. I feel like the next couple of months will be shaky for investors as we try to return to normal price levels and somewhat of a normal economy. The jobless claims report came out today, and lets just say that the job market is on fire right now. Jobless claims came in at 166k which 200k was expected. While there are many sectors that are on fire in the economy, we as investors will probably stay weary, due to the fact that anything can really happen at this point.

Major Indices:    

  • S&P 500      4,500.22 +19.06 (+0.43%)
  • DJI              34,583.57 +87.06 (+0.25%)
  • Nasdaq        13,897.30 +8.48 (+0.06%)

Most Active Stocks (Volume):

  • Twitter, Inc. ($TWTR) (116.165M)
  • Ford Motor Company ($F) (97.232M)
  • HP Inc. ($HPQ) (92.24M)

Notable Gainers (Large Cap):

  • HP Inc. ($HPQ) (+14.78%)
  • Cameco Corporation ($CCJ) (+8.32%)
  • GFL Environmental Inc. ($GFL) (+7.21%)
Notable Losers (Large Cap):

  • Bilibili Inc. ($BILI) (-8.03%)
  • KE Holdings Inc. ($BEKE) (-7.16%)
  • Pinduoduo Inc. ($PDD) (-6.45%)

Company News:

  • UFC, Formula 1 and WWE could be next acquisition targets for streaming giants.
  • Macy's warns that inflation-squeezed consumers may choose to travel over retail shopping.
  • Walmart is raising truckers pay to $110,000 amid driver shortage.
*Information from Yahoo Finance, CNBC, Fox Business, and Nasdaq

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