US close: Dow Jones snaps six-day losing streak
By Iain Gilbert
Date: Sunday 15 May 2022
(Sharecast News) - Wall Street stocks closed higher on Friday, snapping a six-day losing streak for the blue-chip Dow Jones.
At the close, the Dow Jones Industrial Average was up 1.47% at 32,196.66, while the S&P 500 was 2.39% firmer at 4,023.89 and the Nasdaq Composite saw out the session 3.82% stronger at 11,805.00.
The Dow closed 466.36 points higher on Friday, reversing losses recorded in the previous session.
While stocks closed firmly in the green, major indices still registered a loss for the week as a whole.
In the corporate space, Twitter shares tumbled in early trading after Elon Musk said his takeover of the social media company was on hold until he gets more information on fake accounts.
The Tesla owner tweeted: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users." If Musk pulls out of the deal, he will have to fork out a $1.0bn termination fee.
On the macro front, the University of Michigan's consumer sentiment index fell to 59.1 in May, according to a preliminary reading, down from 65.2 in April and below market forecasts of 63.7 for the lowest reading since May 1980.
Elsewhere, the Bureau of Labor Statistics said US import prices were flat month-on-month in April, following an upwardly revised 2.9% increase in March, missing market forecasts for a 0.6% uptick and marking the first time that import prices failed to rise year-to-date. On the other hand, export prices rose 0.6% month-on-month in April, cooling off from March's downwardly revised 4.1% increase to narrowly miss expectations for a 0.7% jump.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Nike Inc. (NKE) $113.01 4.74%
Salesforce.Com Inc. (CRM) $166.91 4.05%
American Express Co. (AXP) $158.75 3.58%
Boeing Co. (BA) $127.20 3.30%
Apple Inc. (AAPL) $147.11 3.19%
Walt Disney Co. (DIS) $107.33 2.90%
Visa Inc. (V) $199.23 2.71%
Cisco Systems Inc. (CSCO) $49.56 2.63%
Goldman Sachs Group Inc. (GS) $306.99 2.53%
Microsoft Corp. (MSFT) $261.12 2.26%
Dow Jones - Fallers
Johnson & Johnson (JNJ) $176.85 -0.57%
Amgen Inc. (AMGN) $243.40 -0.54%
Merck & Co. Inc. (MRK) $90.41 -0.46%
Travelers Company Inc. (TRV) $172.78 -0.34%
3M Co. (MMM) $149.30 -0.19%
Honeywell International Inc. (HON) $230.94 0.00%
Dowdupont Inc. (DWDP) $30.52 0.00%
Verizon Communications Inc. (VZ) $48.18 0.25%
McDonald's Corp. (MCD) $245.04 0.35%
Walmart Inc. (WMT) $148.05 0.39%
S&P 500 - Risers
Wynn Resorts Ltd. (WYNN) $66.27 13.17%
Norwegian Cruise Line Holdings Ltd (NCLH) $16.22 9.82%
Nvidia Corp. (NVDA) $177.06 9.47%
Advanced Micro Devices Inc. (AMD) $95.12 9.26%
TripAdvisor Inc. (TRIP) $24.77 8.59%
Ford Motor Co. (F) $13.50 8.52%
Abiomed Inc. (ABMD) $254.16 8.45%
Occidental Petroleum Corp. (OXY) $64.08 8.21%
Apache Corp. (APA) $41.15 8.20%
Starbucks Corp. (SBUX) $75.60 8.15%
S&P 500 - Fallers
Twitter Inc (TWTR) $40.72 -9.67%
DaVita Inc (DVA) $100.05 -2.91%
Westrock Company (WRK) $46.21 -2.63%
CH Robinson Worldwide Inc (CHRW) $105.79 -1.78%
Kroger Co. (KR) $53.39 -1.53%
Henry Schein Inc. (HSIC) $83.51 -1.46%
PNC Financial Services Group (PNC) $157.44 -1.17%
Sealed Air Corp. (SEE) $62.40 -1.16%
Best Buy Co. Inc. (BBY) $86.36 -1.14%
Pfizer Inc. (PFE) $49.92 -0.93%
Nasdaq 100 - Risers
Wynn Resorts Ltd. (WYNN) $66.27 13.17%
Mercadolibre Inc. (MELI) $794.96 9.96%
Nvidia Corp. (NVDA) $177.06 9.47%
Baidu Inc. (BIDU) $116.94 8.40%
Starbucks Corp. (SBUX) $75.60 8.15%
Qurate Retail Inc. (QRTEA) $3.84 7.87%
Netflix Inc. (NFLX) $187.64 7.65%
Illumina Inc. (ILMN) $233.56 7.42%
Trip.com Group Limited (TCOM) $20.88 7.13%
American Airlines Group (AAL) $16.58 7.04%
Nasdaq 100 - Fallers
Henry Schein Inc. (HSIC) $83.51 -1.46%
Incyte Corp. (INCY) $74.90 -0.81%
Citrix Systems Inc. (CTXS) $99.15 -0.68%
Amgen Inc. (AMGN) $243.40 -0.54%
Vodafone Group Plc ADS (VOD) $14.63 -0.48%
Cognizant Technology Solutions Corp. (CTSH) $73.38 -0.22%
Gilead Sciences Inc. (GILD) $62.37 -0.18%
Mylan Inc. (MYL) $0.00 0.00%
Maxim Integrated Products Inc. (MXIM) $103.14 0.00%
Alexion Pharmaceuticals Inc. (ALXN) $182.50 0.00%
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