Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended Feb. 25, 2022
Posted Under: Weekly Market Commentary

 
The S&P 500 Index ended the short week up modestly but not without sinking nearly 6% at one point before sharply returning to normal. Thursday was the most exciting day by far as markets digested the reality of the Russia-Ukraine conflict escalating to combat levels. The S&P 500 opened 2.5% below the previous night's close but came roaring back as the market priced in less interest rate tightening from the Fed and glimpses of hope that the two Eastern European countries would invite peace talks. President Biden, along with other Western leaders, announced sanctions against the banking industry in Russia which would intentionally cut Russian banks off from the global economy but left the energy sector relatively untouched. The market expects the Fed to become more dovish in response to the geopolitical uncertainty, the market implied probability of more than one rate hike at the March meeting has fallen from 60% to 25% over the past two weeks. The price of oil continued to climb and peaked above $100/barrel at one point on Thursday before retracing to nearly $92/barrel at the end of the week. Health Care and Real Estate were the top performing GICS sectors during the week while Consumer Discretionary lagged, mostly due to underperformance from Tesla, Inc. (TLSA, -8.1%). The top performing company in the S&P 500 was Etsy Inc. (ETSY, 17.6%) which reported strong fourth quarter results and reversed its trend of underperformance as it sold off with other stay-at-home stocks last week. The worst performing S&P 500 member was EPAM Systems, Inc. (EPAM, -13.7%) as the software company warned that due to its significant footprint in Eastern Europe it may see business disruptions soon. As 4Q21 earnings season draws to a close, 20 of the remaining 25 members of the S&P 500 that have not yet reported have releases scheduled in the next week including Broadcom Inc. (AVGO), Costco Wholesale Corp (COST), and salesforce.com Inc. (CRM).
Posted on Monday, February 28, 2022 @ 8:19 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS


 PREVIOUS POSTS
US Economy and Credit Markets Ended Feb. 25, 2022
A Snapshot Of The Last Four 10%-Plus Declines In The S&P 500 Index
A Snapshot Of Gold, Silver And The Miners
US Stock Markets Ended Feb. 18, 2022
US Economy and Credit Markets Ended Feb. 18, 2022
Top-Performing S&P 500 Index Subsectors YTD (Thru 2/15)
Rising Bond Yields And Stock Performance
US Stock Markets Ended Feb. 11, 2022
US Economy and Credit Markets Ended Feb. 11, 2022
This Covered Call Index Tends To Outperform The S&P 500 When Returns Are Modest Or Down
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.