At the close of trading on Wednesday, US stock indices failed to choose a unified movement vector and reported multidirectional results. Stocks in the oil and gas, commodities and industrial sectors reached the maximum performance. At the same time, shares of telecommunications, utilities and consumer services sectors were the leaders of the decline.
The S&P 500 rose 0.2% to 4,183.96 points. The Dow Jones Industrial Average gained 0.2% to 33301.93 points, while the Nasdaq Composite added less than 0.1% to close the session at 12488.93 points.Since the start of the year, the leading US stock market indices have suffered tangible losses. The S&P 500 declined by 12% and the Nasdaq Composite dropped by 20%.On Wednesday, Visa Inc Class A (+6.47%), Microsoft Corporation (+4.81%) and Salesforce.com Inc (+2.70%) topped the list of gains among Dow Jones components.The main underperformers were Boeing Co (-7.53%), Cisco Systems Inc (-3.12%) and Verizon Communications Inc (-1.92%).The best performers among S&P 500 components in yesterday's trading were Enphase Energy Inc (+7.72%), Visa Inc Class A (+6.47%) and CME Group Inc (+5.94%).Shares of F5 Networks Inc (-12.84%), Robert Half International Inc (-8.56%) and Boeing Co (-7.53%) were the leaders in decline.The best performers among Nasdaq Composite index constituents were Acutus Medical Inc (+36.00%), Cosmos Holdings Inc (+33.96%) and Locafy Ltd (+33.05%).JE Cleantech Holdings Ltd (-68.41%), Molecular Partners AG ADR (-37.37%) and Agile Thrpe (-29.85%) led the fall list.
As a result, on the NYSE, the number of securities that lost ground (1,721) exceeded the number that gained ground (1,457). At the same time, 151 stocks remained unchanged. On the NASDAQ stock exchange, 2,298 companies fell in price, 1,531 gained in value and 286 closed at the level of the previous session.The CBOE Volatility Index, which is based on the S&P 500 options trade, fell 5.73% to 31.60 points.Meanwhile, market participants were focusing on reports from major US companies. In addition, investors were analysing the prospects of an imminent tightening of monetary policy by the US Federal Reserve, as well as the implications of the new wave of Covid-19 in China.A tangible pressure factor for the US equity market continues to be investor worries about another peak in coronavirus incidence and tough lockdowns in China. The difficult situation in the Asian region, which is slowing the growth of the world's second largest economy, has significantly exacerbated the volatility of US stock indices since the beginning of this week.Continuously rising inflation is also having a negative impact on key US indicators. Companies and consumers are suffering increasingly heavy losses, and signals from the US Federal Reserve about monetary policy tightening in the very near term could significantly reduce global economic growth.At the same time treasuries, which are traditionally regarded as safe haven assets for investors, rose to 2.817% on Wednesday from 2.773% on Tuesday. Investors are actively selling off government bonds in anticipation of a US Federal Reserve interest rate hike.Strong corporate earnings reports provided tangible support to the US stock market, but failed to fully reverse the impact of multiple negative factors.
