| | | | DOW 34,063.10 | +1.55% | | | | S&P 4,357.86 | +2.24% | | | | NASDAQ 13,436.55 | +3.77% | | | | *As of market close | | • | Stocks jumped higher on Wednesday, as the Federal Reserve raised interest rates 0.25 percent. | | • | Oil declined 1.5 percent, closing at $94.98 per barrel. | | • | Gold traded flat, going for $1,930 per ounce. | | • | Cryptocurrencies moved higher, with Bitcoin at $41,068 at the market close. | | | | | | | | | | Insider Trading Report: Ball Corporation (BLL) | | | | Daniel Fisher, President at Ball Corporation (BLL), recently picked up 7,000 shares. The buy increased his holdings by 6.7 percent, and came to a total price just over $601,000. He was joined by a director who picked up 1,362 shares, a purchase that increased her holdings by 91 percent, and came to a total price just over $116,000. This follows up on a number of insider buys over the past few months. » FULL STORY | | | | | | Unusual Options Activity: Marqueta, Inc (MQ) | | | | Shares of programming platform company Marqueta (MQ) have lost over two-thirds of their value in the past six months. One trader sees the possibility for a strong rebound here. That's based on the September $10 calls. With 183 days until expiration, 7,523 contracts traded compared to a prior open interest of 110, for a 68-fold surge in volume. The buyer of the options paid $1.80 to make the trade.
» FULL STORY | | | | | | • | China Moves to Stabilize Its Stock Market
China's State Council has announced "concrete actions" to boost its economy, with an eye towards stabilizing its stock market. Stocks in the country have pulled back sharply in recent days as investors have weighed potential sanctions against the country for not shunning Russia, as well as a slowdown given the announcement of major closures as Covid cases in China rise. | | | | • | Barclays Stops Supporting Volatility Product
The big daily swings in financial markets have sent traders looking for protection. One of them is an exchange traded note (ETN) priced based on the volatility index, or VIX. Barclay's has announced that it would stop supporting its volatility note, following wild swings, including a 45 percent intraday swing on Tuesday. | | | | • | Schultz Back as Starbucks CEO
Starbucks (SBUX) CEO Kevin Johnson has announced that he's stepping down after 5 years in the role. Howard Schultz, former CEO, is taking on the role in the interim as the company looks for a new CEO. Schultz has previously served as CEO from 1987 to 2000, and again from 2008 to 2017. | | | | • | Walmart Looks to Hire 50,000 Workers
Retailer Walmart (WMT) is looking to hire 50,000 workers by the end of April. The company has been expanding into a number of areas that require labor, such as personal shoppers and delivery drivers, as well as higher-paying rolls such as engineers and data scientists. The company already employs 1.6 million worldwide. | | | | • | Meta Adding Parental Control to VR Headset
Meta Platforms (FB) is adding a parental supervision toolkit to its VR headsets. The move comes about three years after the company first started selling VR headsets, which became a popular sales item over the 2021 holiday season. The company expects to develop more advanced parental controls in the coming months. | | | | | | TOP | | JD | 38.549% | | | BIDU | 36.667% | | | TCOM | 28.355% | | | NTES | 25.108% | | | EPAM | 22.965% | | | BOTTOM | | NLOK | 13.808% | | | CF | 7.859% | | | LMT | 6.624% | | | LHX | 5.897% | | | GD | 4.692% | | | | | | | | | Growth concerns from the Ukraine-Russia stagflation wave, and FOMC hike this week, and hopes that progress will be made in Ukraine-Russia negotiations [have weighed on oil prices] … It seems like the old adage that the best cure for high prices, is high prices, is as strong as ever. | | - Jeffrey Halley, senior market analyst at Oanda, on why oil's recent 25 percent drop from last week's 8 year high may moderate in the next few weeks, as the reasons for the commodity's rise have become priced in. | | |
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