Regional banks BLEED, Market hates Ugly Data, UBER up 10%, what you missed today! //May 2nd Recap
Econ Recaps3 Touko 2023

Regional banks BLEED, Market hates Ugly Data, UBER up 10%, what you missed today! //May 2nd Recap

The S&P 500 index decreased by 1.16%, closing at $4,119.58. The energy sector was hit hard, with all 23 constituents of the energy sector select fund closing the day down, most of which over 4%. The financial sector was also hit hard, with only 4 of the 73 constituents closing the day up. The KBW Nasdaq bank index closed down 4.47%, and regional banks were sold down heavily. Uber reported much better than expected Q1 earnings, and the company's revenue was $8.82 billion, which is $110 million above expectations. Pfizer and British Petroleum both reported their revenues, with Pfizer's revenue coming in strong, but investors hesitated to buy the company due to the declining demand for COVID-19 products. Marriott's revenue beat expectations, and earnings per share came in at $2.09, which is significantly above the expected $1.84. Starbucks announced revenues of $8.7 billion, and domestic same-store sales were up 12%.

Jaksot(42)

Sunday Outlook: Wagner Group Invades Russia + Next Week's Events.

Sunday Outlook: Wagner Group Invades Russia + Next Week's Events.

Starting next week, we'll shift to creating helpful videos instead of daily recaps. Follow us on Twitter @Econrecaps for daily recaps. Prigozhin ordered the Wagner Group to take over Russian military ...

25 Kesä 20234min

6/21 Recap: Elon and Zuckerberg FIGHT, Amazon PUMP, Tesla DUMP... what you need to know.

6/21 Recap: Elon and Zuckerberg FIGHT, Amazon PUMP, Tesla DUMP... what you need to know.

The S&P500 gained 0.37%, led by Amazon's 4.25% rise after investing $100 million in an AI center. Regional banks declined, and Tesla's rating was downgraded. Elon Musk and Mark Zuckerberg joked about ...

23 Kesä 20236min

6/21 Recap: Tesla PLUMMETS, Amazon's FTC Complaint, Student Loan Payments Resume, Powell Speaks

6/21 Recap: Tesla PLUMMETS, Amazon's FTC Complaint, Student Loan Payments Resume, Powell Speaks

In this Econ Recaps video, we cover the market's decline, driven by Federal Reserve Chairman Jerome Powell's hawkish testimony. Tech stocks like AMD, Intel, Salesforce, and Qualcomm suffered losses, w...

22 Kesä 20235min

6/20 Recap: Tesla Soars on Rivian Deal, OceanGate's Lost Submarine, Spotify Drops Meghan Markle!

6/20 Recap: Tesla Soars on Rivian Deal, OceanGate's Lost Submarine, Spotify Drops Meghan Markle!

In today's episode, we'll dive into the latest updates that rocked the financial world. Hold on tight as we discuss the S&P 500 taking a dip, but fear not, because Tesla is on fire with a game-changin...

21 Kesä 20236min

6/17 Recap: Meta Platforms JUMPS, COVID Challenges Hotels | Latest News and Earnings Analysis

6/17 Recap: Meta Platforms JUMPS, COVID Challenges Hotels | Latest News and Earnings Analysis

Good evening investors! Today's market recap: S&P 500 gained 1.2% to $4,425.84. Meta Platforms received a boost, positioned to benefit from AI. Hotel chains faced COVID challenges. Initial jobless cla...

16 Kesä 20236min

6/14: Fed Holds Rates, Tech Sector Soars, UnitedHealth Stumbles, Tesla's Expansion Plans

6/14: Fed Holds Rates, Tech Sector Soars, UnitedHealth Stumbles, Tesla's Expansion Plans

Fed maintains interest rates, tech stocks surge, UnitedHealth faces challenges, Tesla expands in China and France, music companies sue Twitter, fruit recall due to Hepatitis A concern, New Zealand ent...

15 Kesä 20237min

6/13: Trump Indicted on 37 Classified Document Charges! Market Surges on Low Inflation and China's Rate Cut!

6/13: Trump Indicted on 37 Classified Document Charges! Market Surges on Low Inflation and China's Rate Cut!

In today's recap, the market closed higher as the S&P 500 saw positive sector performance and low inflation rates. Commodity companies benefited from China's rate cut, while Comerica announced plans t...

14 Kesä 20238min

6/8 Recap: Trump Indictment Part 2, Electric Boogaloo!

6/8 Recap: Trump Indictment Part 2, Electric Boogaloo!

In today's recap, jobless claims showed mixed results, but the market remained mostly positive. Tesla's stock rose due to plans for expanding its charging network, while Warner Brothers made significa...

9 Kesä 20236min

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