Treasury Yields Rises to 3.109% Oil Prices Push Higher Despite Shanghai Lockdown Concernsįollowing the stock market opening on Friday, the S&P 500, Dow and Nasdaq are trading lower at 2.65%, 2.39%, and 3.13% respectively. Chinese EV leaders like Nio ( NYSE: NIO) and Xpeng Motors ( NYSE: XPEV) are trading mixed today. Lucid Group ( NASDAQ: LCID) is down by 2.28% today. Rival EV companies like Rivian ( NASDAQ: RIVN) are also down by 1.58%. Shares of EV leader Tesla ( NASDAQ: TSLA) are down by 3.47% on Friday.
Among the Dow financial leaders, Visa ( NYSE: V) is down by 3.04% while JPMorgan Chase ( NYSE: JPM) is also down by 3.36% Meanwhile, Disney ( NYSE: DIS) and Nike ( NYSE: NKE) are trading lower on Friday. The firm says that CME has the strongest fundamental backdrop among U.S.-based exchanges.Īmong the Dow Jones leaders, shares of Apple ( NASDAQ: AAPL) are down by 3.35% today while Microsoft ( NASDAQ: MSFT) is also down by 3.72%. CME Group ( NASDAQ: CME) is in focus today after Atlantic Equities upgraded it to an Overweight rating from a Neutral rating. The company also gave a weaker-than-expected revenue guidance. Stitch Fix ( NASDAQ: SFIX) is down by over 14% today after it posted wider-than-expected losses. Vail Resorts says that it benefited from an easing of pandemic-related restrictions and noted successful efforts to attract visitors outside of its peak skiing season. Shares of Vail Resorts ( NYSE: MTN) are up today after it reported better-than-expected quarterly results. In other news, the Biden Administration announced on Friday that it will be dropping coronavirus testing requirements for inbound air travelers from abroad.
Furthermore, the national average price for a gallon of gas continues to inch higher, now almost reaching $5 a gallon. Across the board, major tech companies like Amazon ( NASDAQ: AMZN) and Meta Platforms ( NASDAQ: META) are down by over 3% and 1% respectively. On Friday, the Dow Jones Industrial Average is down by 770 points today as investors digest the release of new inflation data.
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