Market Report Mar 10 2022

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Market Report for Mar 10 2022

S&P 500 and Nasdaq Composite

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

Stock Market %:
DJIA: +2.00
Nasdaq Composite: +3.60
S&P 500: +2.57
UK FTSE 100: +3.25

Market Volume:
NYSE Vol: 1.23 bln (Above)
Nasdaq Vol: 5.3 bln (Above)

Yields:
2-yr: +4 bps to 1.67%
3-yr: +8 bps to 1.85%
5-yr: +7 bps to 1.88%
10-yr: +8 bps to 1.95%
30-yr: +6 bps to 2.30%

Comments:
As oil prices dropped, stocks rallied on Wednesday. A very bullish day that helped take the Nasdaq out of the bear land. Energy and Utilities were the only two sectors to close n the red. Tech and Financials were the biggest gainers.

BMBL is a stock we axed towards the end of Jan 2022 and yesterday saw a massive move up of almost 42%. Even with this big move, it is still just over 10% lower than where it was chopped. BMBL may start to look attractive once again.

All of our trades closed in the green yesterday.

Let’s go trade!