Market Debrief (Tuesday May 3, 2022)

 Happy Tuesday Stock Talkers!


Stocks traded mixed today, but finished the session higher to have back-to-back days in the positive to start May. The main lurking of investors right now is the next moves by the Fed. Stocks lacked any sort of direction today as a bunch of factors are lingering on the economy right now. Volatility is high and huge swings in stock prices seem like a norm this year. The next moves by the Fed seem to be known already, it will just be the matter of how the investors will digest it. We will find out, hopefully tomorrow, what the Fed is going to do. This will give some sense of direction for the market. I like the start the May has brought us so far, but I'm not going to get my hopes up s a swing of volatility will most likely be headed our way shortly. Keep an eye out for more earnings reports coming out, as they also have some dictation on the market. Remember, as investors, don't panic right now. Use this time to pick up some valuable companies at low valuations and you will not regret it in 5 years. 

Major Indices:    

  • S&P 500      4,175.48 +20.10 (+0.48%)
  • DJI              33,128.79 +67.29 (+0.20%)
  • Nasdaq        12,563.76 +27.74 (+0.22%)

Most Active Stocks (Volume):

  • Advanced Micro Devices, Inc. ($AMD) (116.566M)
  • Apple Inc. ($AAPL) (86.936M)
  • AT&T Inc. ($T) (56.804M)

Notable Gainers (Large Cap):

  • Western Digital Corporation ($WDC) (+14.47%)
  • Monolithic Power Systems, Inc. ($MWPR) (+11.34%)
  • Catalent, Inc. ($CTLT) (+10.90%)

Notable Losers (Large Cap):

  • Rockwell Automation, Inc. ($ROK) (-14.52%)
  • Expedia Group, Inc. ($EXPE) (-14.02%)
  • Nu Holdings Ltd. ($NU) (-8.22%)
Earnings I'm Watching Tomorrow:
  • CVS Health Corporation ($CVS)
  • Moderna, Inc. ($MRNA)
  • Uber Technologies, Inc. ($UBER)
  • Etsy, Inc. ($ETSY)
  • Twilio Inc. ($TWLO)

*Information from Yahoo Finance, CNBC, Fox Business, and Nasdaq

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