Stock Market Closes Out Grim 2022 With A Correction: Weekly Review

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Stock Market Closes Out Grim 2022 With A Correction: Weekly Review

Investor's Business Daily2022-12-31

The stock market fell into a correction Wednesday as the Dow Jones and Nasdaq broke below key levels. The major indexes rebounded Thursday, fueled by Apple(AAPL),Tesla(TSLA) and other beaten-down ...

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YJ Lee
·2023-01-02
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LunaQuek
·2023-01-01
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Deonc
·2023-01-01
Ok
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Pluto891
·2023-01-01
la la la
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AcidIce
·2023-01-01
It should correct another 20% - 40%....
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BeBob
·2023-01-01
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BeBob
·2023-01-01
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MrHuattt
·2023-01-01
Oo
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UTOtrader
·2023-01-01
T
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Vincentan59
·2023-01-01
🤭🤭🤭🤭
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andrew123
·2023-01-01
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·2023-01-01
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AlanChong
·2023-01-01
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Desmond669
·2023-01-01
Yeaas
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MIe
·2022-12-31
2023 upside
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·2022-12-31
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Stocks retreated somewhat on Friday to close out the year.Crude oil prices fell while natural gas futures continued to tumble.Economic Data MixedHoliday sales rose 7.6% from Nov. 1-Dec. 24, according to Mastercard SpendingPulse, with e-commerce and restaurants leading the way. Initial jobless claims rose slightly more than expected in the week ended Dec. 24, but remain low at 225,000. Continuing claims climbed 41,000 to 1.71 mil in the latest week, the highest since early Feb. Pending-home sales tumbled 4% in November, while the Case-Shiller home price index showed year-over-year gains decelerating quickly.Tesla Dives, ReboundsA Shanghai plant shutdown, weak China sales data and continued chatter around CEO Elon Musk and Twitter weighed on the EV giant early in the week. However, analysts are still bullish on Tesla even as the EV market and the auto industry broadly are expected to face roadblocks in 2023. On Thursday, the Treasury Department said the Tesla Model Y faces a $55,000 price cap to be eligible for U.S. tax credits of up to $7,500 starting Jan. 1. However, the rarely seen seven-seat Model Y variants will be eligible with a price tag up to $80,000. Meanwhile, any EV leased will be eligible for tax credits without regard to where the vehicle was assembled, its price or the buyer's income. Tesla(TSLA) rebounded after it plunged 11% on Tuesday, its worst one-day loss in 11 months.Nio(NIO) unveiled two models on Christmas Eve, an all-new EC7 coupe SUV and a redesigned, upgraded ES8 SUV. They'll begin deliveries in May and June, respectively.Cal-Maine Earnings Soar, But Fall ShortCal-Maine Foods(CALM) earnings spiked to $4.07 a share vs. 2 cents a year earlier thanks to soaring egg prices amid avian flu outbreaks. But that fell slightly short of views. Revenue leapt 110% to $801.7 million, topping views. 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la la","listText":"la la la","text":"la la la","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927546341","repostId":1172535110,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9927529812,"gmtCreate":1672539583136,"gmtModify":1676538702480,"author":{"id":"3569382039983887","authorId":"3569382039983887","name":"AcidIce","avatar":"https://static.tigerbbs.com/25a5edd325094826cf6e8822874786ab","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"It should correct another 20% - 40%....","listText":"It should correct another 20% - 40%....","text":"It should correct another 20% - 40%....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927529812","repostId":1172535110,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9927512980,"gmtCreate":1672535695740,"gmtModify":1676538701743,"author":{"id":"3585307651801295","authorId":"3585307651801295","name":"BeBob","avatar":"https://static.tigerbbs.com/4c7fb1588c34a61b54c3059c16e50b4e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927512980","repostId":1172535110,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9927516470,"gmtCreate":1672535680891,"gmtModify":1676538701735,"author":{"id":"3585307651801295","authorId":"3585307651801295","name":"BeBob","avatar":"https://static.tigerbbs.com/4c7fb1588c34a61b54c3059c16e50b4e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9927516470","repostId":1172535110,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105411420,"gmtCreate":1672535717526,"gmtModify":1672535730780,"authorId":3585307651801295,"author":{"id":3585307651801295,"authorId":3585307651801295,"name":"BeBob","avatar":"https://static.tigerbbs.com/4c7fb1588c34a61b54c3059c16e50b4e","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss 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