Yesterday on Wall Street

Posted 24 May, 2022

Big tech stocks were in demand, such as Apple up 4.01% to 143.11, Microsoft up 3.2% to 260.55, Tesla up 1.6% to 674.9, Alphabet up 2 .37% to 2,229.76 and Meta platforms by 1.39% to 196.23.

During a day of presentation to investors, JPMorgan Chase & Co (+6.16% to 124.6) confirmed that it is aiming for a return on equity (ROTCE) of 17%, a target that could be achieved as soon as This year. In addition, the bank has revised upwards its net interest income forecast (excluding markets) for 2022 to $56 billion. Goldman Sachs gained 3.2% to 316.61,  Morgan Stanley  3.7% to 82.31, and Citigroup  6.07% to 52.77.

According to Reuters, the semiconductor manufacturer Broadcom (-3.1% to 526.36) is in talks to buy the software publisher VMWare (+24.78% to 119.43), said sources close to the case.

Bank of America (+2.08% to 44.68) announced the raising of the minimum hourly wage for its employees to 22 dollars, thus continuing a movement started in 2017 when it was set at 17 dollars, the objective being to reach $25 by 2025.

Pfizer (+0.78% to 52.88) and BioNTech (+0.14% to 163.22) released clinical trial results of their Covid-19 vaccine for children under five showing that it generates a strong immune response, that it was safe and well-tolerated.

AMD gained 1.68% to 95.07 after unveiling the next generation of its flagship Ryzen processor.

Johnson & Johnson took 2.04% to 179.44, Eli Lilly 1.25% to 302.6, and Regeneron 3.14% to 681.91, as SVB Securities started tracking the labs at Outperformance. Conversely, it moved to Underperform on Abbvie which lost 1.97% to 148.03. 

The  Dow Jones thus gained 1.98% to 31,880.24 points, the  Nasdaq Composite  1.59% to 11,535.28 points, and the  S&P 500  1.86% to 3,973.75 points.

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24 May, 2022 12:26

← WEF 2022: tens of billions of digital assets in 2021 in Switzerland

A recession is not on the horizon "for the moment, but that does not mean that it is out of the question," said Kristalina Georgieva.

WEF 2022: tens of billions of digital assets in 2021 in Switzerland

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24 May, 2022 09:32

The amount of bitcoin on crypto exchanges decreased by 500 thousand in two years →

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The amount of bitcoin on crypto exchanges decreased by 500 thousand in two years
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