Daily Report 11.05.2022
Објавено: 11. 05. 2022

Dow slips for a fourth day ahead of key inflation data; European markets close higher as sentiment rebounds 
U.S. stocks seesawed Tuesday as the major averages struggled to recover from three days of heavy selling that brought the S&P 500 to its lowest level in more than a year. 
The Dow Jones Industrial Average was last trading down 160 points, or nearly 0.5%, after rising more than 500 points earlier in the session. The S&P 500 was flat, while the Nasdaq Composite added 0.9%. 
Beaten-up technology stocks like Microsoft, Intel, Salesforce and Apple ledTuesday’s gains, rising about 2% each The sector has suffered some of the biggest losses in recent weeks as investors moved out of growth areas and into safe havens like consumer staples and utilities amid recessionary fears. 
Meanwhile, IBM slipped 4% and Home Depot, 3M and JPMorgan Chase each alid about 2%, dragging the Dow Industrial Average into the red. 
On the earnings front, Peloton Interactive plummeted 8.7% after reporting a wider-than-expected loss in the recent quarter. AMC’s stock dropped 5.4% on the back of recent quarterly earnings. 


The pan-European Stoxx 600 closed higher by 0.8%, with financial services climbing 1.6% to lead gains as most sectors and major bourses finished in positive territory. 
In terms of individual share price movement, Swedish Match surged 25% to a record high after the nicotine products company confirmed on Monday that it had received a takeover approach from tobacco giant Philip Morris. 
Source: CNBC, Investing.com