Market Report Apr 08 2022

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Market Report for Apr 08 2022

S&P 500 and Nasdaq

Market Trend:
S&P 500 = Mixed
Nasdaq Composite = Mixed

Stock Market %:
DJIA: +0.25%
Nasdaq Composite: +0.06%
S&P 500: +0.43
UK FTSE 100: -0.47

Market Volume:
NYSE Vol: 1.0 bln (Below)
Nasdaq Vol: 4.7 bn (Below)

Yields:
2-yr: -2 bps to 2.47%
3-yr: -4 bps to 2.65%
5-yr: unch at 2.70%
10-yr: +5 bps to 2.66%
30-yr: +6 bps to 2.69%

Comments:
After an intraday decline of 0.7% on the S&P 500, the index managed to close the day positive after turning around halfway into the session.

The S&P 500 managed to find some support at the 200-day line and the Nasdaq Composite managed to find some at the 50 moving average. If price can end the week staying above these support levels for the indexes, it will provide some confidence in the market.

Thursday saw the widest daily range in 28 trading days and also the biggest percentage change in that same period.

Our best position for the day was PFE which closed more than 4% up.

Today we can take a rest from the markets as we lead into the weekend.

Let’s go trade!