May 15- 19, 2023 Market Recap - The Poor & The Rich Sector in the Market

May 19, 2023

It is another quiet move on the US major benchmarks.

• QQQ -.23%  SPY -.15%  DIA -.34%

However, the retail sector continues to slump following FL's dismal earnings report.

FL earnings reaction

DE earnings reaction

• Sympathy moves from FL's dismal earnings report:

May 18, 2023

The technology sector/ stocks continue to outperform in the market.  

• QQQ +1.86%  SPY +.96%  DIA  +.43%

US Jobless claims fell 22k to 242k in the week ending May 13  May 13 Jobless Claims

Netflix reveals 5 million daily active user on its ADS plan

May 17, 2023

The US stock market rallied hard today.  The top performers continue to be the Technology stocks.

• DIA +1.29%   SPY +1.21%  QQQ +1.21%

 May 16, 2023

The stock market dropped as the  Debt Ceiling anxiety intensify, despite of the assurance of House Leader McCarthy's reassurance that they are hopeful that a resolution will be reached  by the weekend Biden-Mccarthy-meet-us-debt-ceiling-talks/

The Dow Jones continues to be the weakest among the top 3 major US benchmarks/ETFs.

• SPY -.67%  DIA -1.02%  QQQ +.11%

Notable Movers:

RH sell-off is attributable to Berkshire exiting position

May 15, 2023

https://www.investors.com/news/technology/srpt-stock-halted-as-fda-panelists-discuss-highly-anticipated-gene-therapy/