Global Market Trend As Of May 10th, 2022

May 10, 2022

MAJOR INDEXES

Market report as of May 9th, 2022

NAME	LAST	CHG	%CHG
S&P 500	3,991.2400	-132.10	-3.200
NASDAQ	11,623.250	-521.41	-4.290
DJIA	32,245.700	-653.67	-1.990
*FTSE	7,275.1800*	58.600	0.8100
*NIKKEI	26,167.100*	-152.24	-0.580
*HSI	19,633.690*	-368.27	-1.840
*SHANGHAI	3,035.8400*	31.7000	1.0600
VIX	33.3000000	-1.4500	-4.170
*DAX	13,576.210*	195.540	1.4600

S&P500 MARKET MOVERS

TOP

NWL	Newell Brands Inc	7.918%
VTRS	Viatris Inc	5.327%
NWS	News Corp Class B	4.021%
SWK	Stanley Black & Decker Inc	3.826%
CPB	Campbell Soup Co	3.463%

BOTTOM

APA	APA Corp (US)	14.917%
MRO	Marathon Oil Corp	14.032%
MOS	Mosaic Co	12.787%
NCLH	Norwegian Cruise Line Holdings Ltd	12.698%
RCL	Royal Caribbean Cruises Ltd	12.083%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	3.010	-0.069
US 30-YR	3.123	-0.085
US 5-YR	2.932	-0.051
US 2-YR	2.602	-0.018
US 3-MO	0.930	+0.013
BUND 10-YR	1.054	-0.0370
JPN 10-YR	0.249	+0.004
UK 10-YR	1.894	-0.0610

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	103.990	+0.900	+0.873
*NAT GAS	6.98400	-0.042	-0.600
*GOLD	1,861.60	+3.000	+0.161
*SILVER	21.9400	+0.120	+0.550
*WHEAT	1,104.25	+11.50	+1.050
*COPPER	4.20800	+0.014	+0.330

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.7690	+0.001	+0.160
USD INDEX	103.63	-0.020	-0.0200
USD/JPY	130.05	-0.200	-0.1540
GBP/USD	1.2330	-0.000	-0.0320
EUR/USD	1.0560	+0.001	+0.090
USD/CAD	1.3000	-0.001	-0.0690
AUD/USD	0.6960	+0.000	+0.040

Analyst's Views
U.S Markets, U.S. bourses were dominated by negative sentiments and the market retreated for the third day on Monday. The S&P 500 went below the key 4,000 level as investors brace for another week of volatility amid a fresh report on inflation, as well as the winding down of the first-quarter earnings season.

The Dow Jones Industrial Average fell over 600 points or 2%, while the Nasdaq Composite fell 4%, and the S&P dipped to levels not seen since April 2021.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	32245.7	-653.67	-1.99%
SP500	S&P 500	3991.24	-132.10	-3.20%
I:COMP	NASDAQ COMPOSITE INDEX	11623.2484	-521.41	-4.29%

Treasury yields, the 10-Year Treasury Yield remained above 3%. Currently, 436 companies in the S&P 500, or almost 90% of the benchmark index, have posted January through March results, and so far the numbers are well ahead of forecasts.

Earnings report, Tyson Foods bucked the selling as higher prices for beef, chicken and pork helped sales rise at the meat processor.

Ticker	Security	Last	Change	Change %
TSN	TYSON FOODS INC.	92.84	+2.02	+2.22%

Rivian shares fell after Ford trimmed its stake in the electric vehicle maker by 8%.

Ticker	Security	Last	Change	Change %
RIVN	RIVIAN AUTOMOTIVE INC.	22.78	-6.01	-20.88%
F	FORD MOTOR CO.	13.37	-0.84	-5.91%

Richard Branson's Virgin Galactic took a dip after Truist Securities analyst Michale Ciarmoli slashed its price target $24 to $8 per share after the space company delayed commercial travel plans until 2023.

Ticker	Security	Last	Change	Change %
SPCE	VIRGIN GALACTIC HOLDINGS INC.	6.07	-0.73	-10.74%

Commodities, Oil slipped, along with Gold, with U.S. crude hovering at $103 per barrel and the yellow metal at $1857 an ounce.

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND L.P.	76.57	-5.56	-6.77%
GLD	SPDR GOLD SHARES TRUST - EUR ACC	172.88	-2.54	-1.45%

As crude dipped so did the major oil companies including Marathon, ExxonMobil, and Chevron as lockdown worries in China threaten demand.

Ticker	Security	Last	Change	Change %
MRO	MARATHON OIL CORP.	24.22	-3.93	-13.96%
CVX	CHEVRON CORP.	159.25	-11.44	-6.70%
XOM	EXXON MOBIL CORP.	84.46	-7.23	-7.89%

Gas prices, per AAA, traded back above $4.30 per gallon.

Bitcoin also took a hit falling to the $31,000 level.

SPOT MARKET BY THE HOUR AS OF GMT 09:14 05-09-22

European Market, The investors' appetite response to the marginal elevation of the FED rate is positive as all Euro bourses are climbing across the board. London's FTSE slide by 0.76% to 7,271.41, Germany's DAX retreated by 1.48% to 13,578.52 while France's CAC followed suit with a decline of 1.34% to 6,167.51.

Asia Market, Asian stocks The investors' sentiments are mixed Thursday morning. Tokyo's Nikkei 225 index decreased by 0.58% to 26,167.1, China's Shanghai climbed by 1.06 % to 3,067.76 while Hang Seng in Hong Kong also followed suit with a retreat of 1.84% to 19,633.69.

Cryptocurrencies, at an intraday range of $29,731.03 by the hour and a maximum of $32,650 in 24 hours.