Daily Report | 24 May 2022
Wall Street's rally earlier in the week was supported by gains in a number of large-cap banking and technology stocks.
Wall Street's rally earlier in the week was supported by gains in a number of large-cap banking and technology stocks.
Wall Street stocks closed mixed this weekend, after experiencing pressure related to concerns about inflation. The
Wall Street stocks continued to decline, as inflationary pressures began to weigh on the companies' performance. The Dow
Poor performance and margin pressures for a number of retail companies weighed on Wall Street's stock markets. The
US retail sales and manufacturing output growth in April rose +0.9% MoM and +1.1% MoM respectively, improving the
Wall Street stocks were mixed ahead of retail sales data. Nasdaq fell 1.2%; followed by the S&P 500 that was down
US April Producer Price Index is at 11% YoY (Vs. Prev. 11.5%), surpassing the consensus of 10.7%, and could break the
US April inflation 8.3% YoY (Vs. Cons. 8.1% YoY) is still high, but lower than March's 8.5% YoY. This inflation data did
Wall Street rebounded after three consecutive days of correction. Nasdaq and S&P 500 indexes gained 0.98% and 0.25%,