Market Seeing Red, UNH Keeping Dow in the Green | Market Moovers
Morning mooers! It is Tuesday, April 16th, the market is open and chugging away, trending a mixed bag of red and green following a sell off day.
My name is Kevin Travers, my allergies are starting but the spring flowers are blooming, and here are your morning moovers:
MOOVERS
Bank earnings are in full swing, with large banks reporting this morning.
$Bank of America reported results that failed to impress, down 4.2%.
$Morgan Stanley's first-quarter earnings showed a pickup in investment banking, climbing 3.2%.
$UnitedHealth was the S&P 500s largest gainer, up 4.7% on upbeat earnings this morning. The stock gain is pulling the entire Dow Jones in the green.
SECTORS
When it comes to sectors, eyes are watching the commodities. Oil and gold are in the green following inflation fears. The $U.S. 2-Year Treasury Notes Yield and the $U.S. 10-Year Treasury Notes Yield climbed Tuesday as well, as investors were looking away from stocks as the market pulls back.
RECAP
Indexes opened and trended toward the green but fell into the red after a rough pullback day.
Shortly after 11 AM EST, the $S&P 500 Index traded -0.30%. The $Dow Jones Industrial Average climbed about 0.11%, and the $Nasdaq Composite Index fell 0.21%.
MACRO
After inflation data last week, investors are awaiting further news and speeches from the Federal Reserve on the direction of interest rates. Tuesday morning, the Fed's Vice Chairman Philip Jefferson sad inflation is higher than he wished, and that it would decline but the outlook was uncertain.
Fed Chair Powell will speak later in the day Tuesday.
Mooers, what are you watching today?
Source: Bloomberg, Dow Jones, CNBC, Reuters
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
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