Stock Market Overview
Tue, May 24th, 2022
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Stocks Fall on Weak U.S. Economic Data
Barchart - 4 minutes ago
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.81%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.20%.
U.S. stock indexes Tuesday settled mixed. Global growth concerns weighed on the overall market on disappointing U.S. economic data. Also, China’s Shanghai Composite sank more than -2% when UBS and JPMorgan Chase cut their 2022 China GDP forecasts, citing a contraction in economic activity from China’s pandemic lockdowns.Â
The overall market Tuesday recovered from its worst levels, with the Dow Jones Industrials moving into positive territory, on strength in utility stocks and consumer staples.
Snapchat plunged more than -40% Tuesday and undercut social media stocks and digital advertisers after it warned that it would not meet profit and revenue estimates for Q2. The plunge in Snap also weighed on other social media stocks and digital advertisers, with... Read more
Slumping technology stocks pull Wall Street lower
AP - 3 minutes ago
NEW YORK (AP) — Stocks on Wall Street gave up more ground Tuesday amid mounting worries that persistently high inflation will dim corporate profits.
Lawsuit accuses 3 automakers and parts maker in air bag case
AP - 5 minutes ago
DETROIT (AP) — A class action lawsuit is accusing three automakers and a parts manufacturer of knowingly selling vehicles containing air bag inflators that are at risk of exploding. Two deaths and at...
Stocks Fall on Weak U.S. Economic Data
Barchart - 6 minutes ago
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.81%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed...
Ford pays $19M to settle claims on fuel economy, payload
AP - 38 minutes ago
SACRAMENTO, Calif. (AP) — Ford Motor Company on Tuesday settled claims by 40 U.S. state attorneys general that the company made misleading claims about the fuel economy and payload capacity of some of...
The ES rejected a bear market on Friday
DeCarley Trading - 45 minutes ago
Correlations are normalizing, maybe volatility will be next
Democrats: Google must protect privacy of abortion patients
AP - 1 hour ago
More than 40 Democratic members of Congress are asking Google to stop what they see as the unnecessary collection and retention of people's location data, arguing the information could be used to identify...
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