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Tuesday, May 24, 2022

Stocks Slump Amid Economic Data, Snap’s Warning: Markets Wrap

Shares slipped after a disappointing US economic data while a profit warning from Snap Inc. we are measured by technical shares. Bonds went up.

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Buy the dip? Sell the ‘rip’? What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern - Grizler

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The S&P 500 has been down sharply since March 2021, while the tech-heavy Nasdaq 100 is not performing well. The owner of Snapchat is immersed in a 40% record, Meta Platforms Inc. and other companies that rely on digital advertising are also sinking. Homeowners fall behind after a disappointing report on the sale of new US homes. Various data showed business activity was postponed to four months in early May.


"This is a downward spiral," said Shawn Cruz, chief marketing officer at TD Ameritrade. “It's like we're always making prices and trying to process data as the situation changes. And it still comes in real time. ”

Treasury yields have dropped, the two-year rate has dropped to 16 points. Money market traders with a total value of about 134 points in the Federal Reserve rose from the next three central bank policy meetings, down from about 141 points by the end of Monday.

Shares have been fluctuating as investors examine the monetary policy stance, inflation and the impact of China's strong Covid policies on the global economy. Wednesday's minutes of a recent Fed-level setting meeting will give markets an understanding of how to tighten US Central Bank tightening.

The euro remained high after European Central Bank Governing Council member Martins Kazaks said officials should consider raising interest rates by half a percentage point if they are due to inflation.

Here are some of the key events you can watch this week:

  • The Reserve Bank of New Zealand level decision Wednesday
  • FOMC minutes Wednesday
  • The ECB publishes the Financial Stability Review on Wednesday
  • Bank of Korea ratings decision Thursday
  • US GDP, the first nonsense claims on Thursday
  • US PCE principal price index; income and personal expenses; wholesale inventories; Feature of customers at the University of Michigan on Friday


Some of the key steps in the market:

Stocks

  • Stoxx Europe 600 decreased by 1.1%
  • MSCI World Index decreased by 1.7%


Funds

  • The euro rose 0.3% to $ 1.0727
  • The British pound depreciated by 0.5% to $ 1.2527
  • The Japanese yen has risen 1% to 126.57 per dollar

Bonds

  • 10-Year Financial Interest decreased by 12 points to 2.73%
  • Germany's 10-year harvest dropped by seven points to 0.95%
  • 10-year British yield dropped by 10 points to 1.87%


Goods

  • West Texas Intermediate crude rose 0.3% to $ 110.62 barrel
  • Gold futures rose 0.9% to $ 1,870 a pound

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How dependent on Elon Musk’s comments is the crypto industry?

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Elon Musk is the second richest man in the world, with an estimated net worth of $ 155bn. He has founded some of the world’s most successful tech companies from PayPal to Tesla, and his voice weighs heavily on technology circles, but his influence on the crypto market is astoundi...

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They just revealed what they believe are the ten best stocks for investors to buy right now…

See the 10 stocks



Courtesy Grizler.com

#grizler #stock #trade


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