Global Market Trend As Of May 9th, 2022

May 9, 2022

MAJOR INDEXES

Market report as of May 6th, 2022

NAME	LAST	CHG	%CHG
S&P 500	4,123.3400	-23.530	-0.570
NASDAQ	12,144.660	-173.03	-1.400
DJIA	32,899.370	-98.600	-0.300
*FTSE	7,322.5300*	-65.410	-0.890
*NIKKEI	26,319.340*	-684.22	-2.530
*HSI	20,001.960*	-791.44	-3.810
*SHANGHAI	3,004.1400*	2.58000	0.0900
VIX	32.9000000	2.71000	8.9800
*DAX	13,559.6000*	-114.69	-0.840

S&P 500 MARKET MOVERS

TOP

NRG	NRG Energy Inc	9.785%
EOG	EOG Resources Inc	7.130%
HES	Hess Corp	7.009%
APA	APA Corp (US)	6.804%
MCK	Mckesson Corp	5.951%

BOTTOM

UA	Under Armour Inc	25.884%
UAA	Under Armour Inc	23.793%
DISH	DISH Network Corp	19.141%
ILMN	Illumina Inc	14.627%
NWS	News Corp Class B	13.680%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	3.185	+0.061
US 30-YR	3.285	+0.064
US 5-YR	3.098	+0.052
US 2-YR	2.727	+0.031
US 3-MO	0.864	+0.016
BUND 10-YR	1.135	-0.0070
JPN 10-YR	0.255	+0.005
UK 10-YR	2.030	+0.033

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	108.480	-1.2900	-1.175
*NAT GAS	8.16900	+0.1260	+1.570
*GOLD	1,865.3	-17.500	-0.930
*SILVER	22.1100	-0.2570	-1.150
*WHEAT	1,124.5	+16.000	+1.440
*COPPER	4.14300	-0.1250	-2.920

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.7630	-0.003	-0.418
USD INDEX	104.01	+0.35	+0.34
USD/JPY	131.14	+0.58	+0.44
GBP/USD	1.2290	-0.005	-0.413
EUR/USD	1.0510	-0.004	-0.360
USD/CAD	1.2930	+0.002	+0.15
AUD/USD	0.7010	-0.007	-0.961

Analyst Views
U.S Markets, U.S. bourse ended last week trading on a downward trend, amid steep swings, in a wild week that included a better-than-expected April jobs report and a rate hike by the Federal Reserve that was followed by ongoing concerns of a looming recession.

The S&P 500 and Nasdaq Composite fell 0.6% and 1.4%, respectively, while the Dow Jones Industrial Average bounced between losses and gains, coming back from a 400-plus point deficit to end with a 98-point loss or off 0.3%. All three major averages posted weekly losses.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	32899.37	-98.60	-0.30%
SP500	S&P 500	4123.34	-23.53	-0.57%
I:COMP	NASDAQ COMPOSITE INDEX	12144.66	-173.03	-1.40%

Record job gains, the Labor Department reported that the U.S. economy added 428,000 new nonfarm jobs in April. That’s down from 431,000 in March and would mark a record 12th consecutive month of gains at or above 400,000. The unemployment rate held at 3.6%.

The Dow Jones Industrial Average lost over 1,000 points Thursday as investors wrestled with whether the Federal Reserve can successfully avoid a recession. The yield on the 10-Year Treasury rose to 3.124% Friday.

Elsewhere, Under Amour shares fell sharply after posting a quarterly loss of $59.6 million, or $0.13 per share, compared to a profit of $77 million, or $0.17 per share, a year ago.

Ticker	Security	Last	Change	Change %
UA	UNDER ARMOUR INC.	9.84	-3.44	-25.90%

COVID-19 lockdowns in China remain a headwind for the athletic apparel giant.

"As global supply challenges and emergent COVID-19 impacts in China eventually normalize, we are confident that the strength of the Under Armour brand, coupled with our powerful growth strategy, positions us well to deliver sustainable, profitable returns to shareholders over the long term," Under Armour President and CEO Patrik Frisk said in the company's earnings release.

Ticker	Security	Last	Change	Change %
CI	CIGNA CORP.	266.77	+14.54	+5.76%

Cigna shares rose after beating profit expectations and raising its 2022 outlook. It now stands to earn $22.60 per share, up from a prior goal of $22.40.

Ticker	Security	Last	Change	Change %
DASH	DOORDASH INC.	72.11	-1.04	-1.42%

DoorDash sales soared in the first quarter as the company added more customers, sending shares higher.

Russia's war on Ukraine, high oil prices and global supply chain disruptions are adding to investor unease.

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND L.P.	82.13	+1.65	+2.05%
BNO	UNITED STS BRENT OIL FD LP UNIT	32.41	+0.64	+2.01%

Oil prices gained about 5% on concerns about supply as the European Union prepares new sanctions on Russia, which would include an embargo on crude oil. U.S. West Texas Intermediate (WTI) crude closed at $109.77 a barrel. Brent futures gained 2.1%, to $112.39 a barrel.

Bitcoin traded below $36,000, mirroring the downward volatility in stocks.

SPOT MARKET BY THE HOUR AS OF GMT 10:00 05-09-22

European Market, The Euromarket bourses are currently on a declining trend across the board. London's FTSE slide by 0.98% to 7,315.83, Germany's DAX retreated by 1.01% to 13,536.15 while France's CAC followed suit with a decline of 1.43% to 6,169.03.

Asia Market, Asian stocks The investors' sentiments are mixed Monday morning. Tokyo's Nikkei 225 index decreased by 2.53% to 26,319.34, China's Shanghai climbed by 0.09 % to 3,004.14 while Hang Seng in Hong Kong also retreated by 3.81 % to 20,001.96.

Cryptocurrencies, dropped significantly to $33,397.22 by the hour.