U.S Markets, U.S. stocks was subdued on Thursday by negative sentiments from investors over the Federal Reserve interest rate hikes and high inflation Figures  The Dow Jones Industrial Average was down 236.94 points, or 0.75%, while the Nasdaq Composite fell 0.26%. The S&P 500, which ended the session 0.58% lower, approached bear market territory.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 31253.13 -236.94 -0.75%
SP500 S&P 500 3900.79 -22.89 -0.58%
I:COMP NASDAQ COMPOSITE INDEX 11388.495467 -29.66 -0.26%

Treasury Bills,the 10-year Treasury yield climbed above 2.8% during Thursday's session. Oil is trading at around $109 per barrel. 

Economic data, on the economic data front, new U.S. jobless claims rose to a four-month high of 218,000 for the week ending May 14, up from 197,000 the previous week, according to the Labor Department. Continuing claims, or the number of people already collecting unemployment benefits, fell to 1.317 million for the week ending May 7, the lowest level since December 1969.

 

Aviation, Spirit Airlines' board of directors is urging the company's shareholders to reject JetBlue Airways' $30 per share tender offer. Spirit, which has agreed to merge with Frontier Airlines, has said a potential JetBlue transaction would have trouble receiving regulatory approval.

Ticker Security Last Change Change %
SAVE SPIRIT AIRLINES INC. 19.09 -0.30 -1.57%
JBLU JETBLUE AIRWAYS CORP. 10.25 +0.33 +3.33%
ULCC FRONTIER GROUP HOLDINGS 9.48 +0.04 +0.42%

Cisco Systems is down more than 13% after cutting its full-year forecast. The company reported adjusted earnings per share of 87 cents on revenue of $12.84 billion. The networking equipment maker said its revenue during the quarter was negatively impacted by COVID lockdowns in China and the war in Ukraine.

Ticker Security Last Change Change %
CSCO CISCO SYSTEMS INC. 41.72 -6.64 -13.73%

Target slipped another 5% after shedding nearly 25% on Wednesday. The company reported better-than-expected revenue of $25.17 billion during its first fiscal quarter of 2023 but missed Wall Street estimates with adjusted earnings per share of $2.19 due to higher costs and inventory.

Ticker Security Last Change Change %
TGT TARGET CORP. 153.56 -8.17 -5.05%

Bitcoin is trading at the $30,000 per coin level. 






SPOT MARKET  BY THE HOUR AS OF GMT 09:30  05-20-22

European Market, The investors' appetite is currently mixed and positive. London's FTSE climbed by 2.01 % to 7,449.16, Germany's DAX  jumped by 1.87% to 14,142.42 while France's CAC retreated by 1.17% to 6,346.15. 

Asia Market, Asian stocks The investors' sentiments are currently mixed. Tokyo's Nikkei 225 index increased by 1.27% to 26,739.03, China's Shanghai declined by 1.6% to 3,146.57 while Hang Seng in Hong Kong jumped by 2.96% to 20,717.24 .


Cryptocurrencies, at an intraday range of $29,834.82 by the hour and a maximum of $30,725 in 24 hours.


























 


SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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