U.S Markets, U.S. boursed ended the Thursday trading in the red, as market indices declined across the board in the light of the soaring inflation reports being considered by investors. The Nasdaq Composite led the gains rising 2% while the S&P 500 added 1% and the Dow Jones Industrial Average rose by the same amount or over 344 points.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 34451.23 | -113.36 | -0.33% |
| SP500 | S&P 500 | 4392.59 | -54.00 | -1.21% |
| I:COMP | NASDAQ COMPOSITE INDEX | 13351.078927 | -292.51 | -2.14% |
PPI, Factoring out volatile food and energy costs, core producer prices rose 1% monthly in March, up from 0.2% the prior month. Year-over-year, look for core PPI to jump 9.2% in March. On Tuesday, the government reported that the consumer price index, a closely-watched gauge of retail inflation, surged to a 40-year high in March.
Market earnings, in earnings news, Delta shares rose after the carrier said it has returned to profitability as consumer demand rebounds. The disclosure bodes well for other carriers. Separately, pilots at Southwest warned CEO Robert Jordan of fatigue through their union.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DAL | DELTA AIR LINES INC. | 42.36 | +1.32 | +3.22% |
| AAL | AMERICAN AIRLINES GROUP INC. | 19.00 | +0.05 | +0.26% |
| UAL | UNITED AIRLINES HOLDINGS INC. | 45.13 | -0.01 | -0.02% |
| LUV | SOUTHWEST AIRLINES CO. | 46.76 | +0.71 | +1.54% |
JPMorgan's quarter was more subdued as revenue and profits declined from the same period a year ago. The largest U.S. lender posted a profit of $8.28 billion, or $2.63 per share in the first quarter, compared with $14.3 billion, or $4.50 per share, a year earlier. Revenues fell to $30.7 billion from $32.2 billion a year earlier. The stock slide weighed on the Dow.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 126.14 | -1.15 | -0.90% |
| GS | THE GOLDMAN SACHS GROUP INC. | 321.45 | -0.94 | -0.29% |
| MS | MORGAN STANLEY | 84.79 | +0.58 | +0.69% |
| WFC | WELLS FARGO & CO. | 46.33 | -2.24 | -4.61% |
Commodities, U.S. oil rose over 3% to $104.25 per barrel as traders monitored Russia's tightening supply after Moscow said talks to resolve its invasion of Ukraine had come to a dead end.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND L.P. | 79.57 | +1.15 | +1.47% |
| BNO | UNITED STS BRENT OIL FD LP UNIT | 31.70 | +0.69 | +2.23% |
Bitcoin traded around $41,000.
SPOT MARKET BY THE HOUR AS OF GMT 07: 40 04-15-22
Cryptocurrencies, at an intraday range of $40,984.65 by the hour and a maximum of $41,504.29 in 24 hours.
