Wednesday, May 24, 2023

May 22- 26, 2023 Market Recap

May 24, 2023


The US stock market continues to slide as the Debt Ceiling standoff lingers [Debt ceiling talks].  The sectors in - industrial, retail, & banks are the losers.  The technology sector continues to outperform compared to other sectors in the market.

  • SPY -.72%  QQQ -.51%  DIA -.79%






Today's stock performers:

























 













Losers:


Industrial- DE, CAT, IPI, MOS, CF





EL, ULTA, LULU,FL,JWN, M


May 23, 2023


The US debt ceiling standoff has finally taken a toll on the stock market.  The major benchmarks/ index declined.

  • SPY -1.12%  QQQ -1.27%  DIA -.69%







Technology stocks which have been a strong sector in the past few weeks, took a nose dive as well.
  • AAPL -1.52%  GOOGL -1.99%  NFLX -1.93%  MSFT -1.84% 

Decliners of  >5%:

  • RIOT -7.54%  NTES -5.38%  SHOP -6.01%  

Retail names on its third-day slide:
  • FL -1.88%  LULU -2.55%  ULTA -.01%  EL -3.14%  KSS -1.23%  JWN -1.31% 
  •  M -1.20%   TGT -3.13%



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Bullish Signal