Market Report May 06 2022

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Market Report for May 06 2022

S&P 500 and Nasdaq

Stock Market %:
DJIA: -3.12
Nasdaq Composite: -4.99
S&P 500: -3.56
UK FTSE 100: +0.13

Market Volume:
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 5.2 bln (Above)

Yields:
2-yr: +11 bps to 2.72%
3-yr: +9 bps to 2.91%
5-yr: +13 bps to 3.02%
10-yr: +15 bps to 3.07%
30-yr: +16 bps to 3.16%

Comments:
A big volatile day with a lot of casualties for traders trying to trade this market. The relief rally of Wednesday was soon forgotten and saw chaos unfold in the market through selling.

All sectors closed in the red as did all of our stocks.

Todays is NFP so once again, there is nothing to do while we watch the numbers and the market reaction to those numbers.

Let’s go trade!