Market Debrief (Wednesday May 11, 2022)

 Happy Wednesday Stock Talkers!


Stocks were headed in the right direction in the early part of the trading session until investors got a hold of the inflation report. Inflation rose 8.3% Y/Y in April, which is a decrease from the amount reported in March. A lot of experts were expecting it to be 8.1%, so with it coming in higher than expected, this is not a good sign for the slowing of things. Volatility seems to be the new norm in these uncertain times with all stocks, except a few, getting hammered right now. Even giant blue-chip stocks are taking hits based on the uncertainty of the market. We are just trying to figure out where the bottom is going to be, but even that seems to be highly uncertain right now. The pressure lies on the Federal Reserve right now to manage inflation without striking a recession. These looming times are unfortunate for investors, but the patience is what is going to lead to wealth.

Major Indices:    

  • S&P 500      3,935.18 -65.87 (-1.65%)
  • DJI              31,834.11 -326.63 (-1.02%)
  • Nasdaq        11,364.24 -373.44 (-3.18%)

Most Active Stocks (Volume):

  • Advanced Micro Devices, Inc. ($AMD) (135.97M)
  • Apple Inc. ($AAPL) (141.075M)
  • Roblox Corporation ($RBLX) (104.808M)

Notable Gainers (Large Cap):

  • ICL Group Ltd ($ICL) (+10.43%)
  • Electronic Arts Inc. ($EA) (+7.97%)
  • Duke Realty Corporation ($DRE) (+7.83%)

Notable Losers (Large Cap):

  • Coinbase Global, Inc. ($COIN) (-26.40%)
  • BeiGene, Ltd. ($BGNE) (-15.71%)
  • Block, Inc. ($SQ) (-15.61%)
Earnings I'm Watching Tomorrow:
  • Affirm Holdings ($AFRM)
*Information from Yahoo Finance, CNBC, Fox Business, and Nasdaq

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