Econ Recaps

META JUMPS 3% after being charged 1.3 billion dollars...//May 22nd Recap


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In the market recap, the S&P 500 closed nearly flat. Consumer staples declined while Match Group and Pfizer saw stock price increases. TikTok sued Montana, Meta Platforms faced a $1.3 billion charge, and a fake explosion image caused a temporary sell-off. Federal Reserve presidents shared their views on rate hikes. Upcoming economic news includes building permits, PMIs, and new home sales. Zim Integrated Shipping and Pet Meds reported disappointing earnings, while Zoom Communications and Nordson had positive results. Tomorrow, earnings reports are expected from Lowe's, Dick's Sporting Goods, Autozone, Intuit, Toll Brothers, and BJ's Wholesalers.
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Econ RecapsBy Corben Benda