On Thursday 5/19/22, stocks went down -22.89$. The S&P 500 has been on a steady rise. However it is starting to go down. Many things affect the markets from oil prices, The War in Ukraine and inflation. The S&P 500 - a collection of the top 500 U.S stocks, is what many people use to determine the economy. It is down by -0.58% today. Stocks such as
NASDAQ: AAPL is down 2.46%-3.47 137.25$
Berkshire Hathaway the most expensive stock publicly traded owned by Warren Buffet the 5th most richest person overall has sold on there Apple shares. In March they had around 911 million shares since then the amount of shares has gone down $30 billion dollars. The company is still making money on Apple with a cost per share of 34$ meaning they're sitting on over $90 billion dollars of profit.
Source Barrons
NASDAQ: MSFT is down 0.37%-0.94 $253.14
People are not trading as activity due to interest rates being higher than projected.
Source Market Watch
NASDAQ: AMZN is down 0.19%+4.13 $2146.38
Today amazon managed to outperform the market. Many retail stores such as Walmart and Target had earnings. This caused them to have one of their worst days in a long time.
That is the market today.
Cya tommarow
TNN editors
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