Yesterday on Wall Street

Posted 16 May, 2022

The New York Stock Exchange ended sharply higher on Friday thanks to a technical rebound at the end of a week of sharp decline. J. Powell indicated that the Fed does not favor very strong hikes of 75 basis points but rather of 50 basis points, at the next two meetings in June and July. 

Growth stocks have picked up. Apple recovered 3.19% to 147.11, after being dethroned by Saudi Aramco yesterday as the world's largest market cap. Amazon jumped 5.73% to 2,261.1,  Microsoft jumped  2.26% to 261.12 and  Alphabet climbed 2.84% to 2,321.01.

For its part, Tesla recovered by 5.7% to 769.59, while Elon Musk announced that his plan to buy  Twitter  (-9.67% to 40.72) for $44 billion was suspended in waiting for clarification on fake accounts and spam.  

The banking sector was also in demand ( JPMorgan  Chase gained 0.89% to 119.09,  CitiGroup 2.32% to 47.64, and  Goldman Sachs 2.53% to 306.99) in the wake of the easing of interest rates. 'interests.

Cryptocurrency prices (bitcoin +2.72% to 30,402) regained ground on Friday after a terrible week, marked by the crash of the stable coin UST and the cryptocurrency  Luna, both managed by the Terra blockchain.

Online brokerage app Robinhood soared 24.88% to 10.69 after chief executive and founder of cryptocurrency exchange FTX Samuel Bankman-Fried took a stake 7.6% stake in Robinhood Markets.

Billionaire Warren Buffett's investment firm, Berkshire Hathaway  (+0.73% to 465,011) increased its stake in oil group  Occidental Petroleum  (+8.21% to 64.08) this week by buying 901,774 shares for $51.7 million.

The payment service group  Affirm Holdings  (+ 31.43% to 23.71) raised its annual turnover target, after the 54% growth in its quarterly sales, and extended a multi-year partnership with the platform. form of online commerce  Shopify  (+ 13.85% to 402.48) in the United States.

The  Dow Jones gained 1.47% to 32,196.66 points, the  Nasdaq Composite  3.82% to 11,805 points, and the  S&P 500  2.39% to 4,023.89 points. Over the week, the Dow Jones lost 2.13%, the Nasdaq Composite 2.79%, and the S&P 500 2.41%. 

Previous story

16 May, 2022 10:19

← What to expect from Bitcoin and Ethereum in the summer. Market analysis in the last two years

How the cost of the largest cryptocurrencies by capitalization change in the summer periods of 2020 and 2021 and what does the complexity of the bitcoin network have to do with it.

What to expect from Bitcoin and Ethereum in the summer. Market analysis in the last two years

Next story

13 May, 2022 16:47

Terra collapse by 99% and a new low of bitcoin. Main events of the week →

The USDT exchange rate fell by 5%, the Celsius crypto service withdrew over $500 million from the Anchor protocol...

Terra collapse by 99% and a new low of bitcoin. Main events of the week
Write a comment
 
Prove you’re not a bot + 18 = 34