US close, nos etc..Today 06:47
DJ -43 (38,461)
SP +1 (5072)
NS +55 (17,527)
R2 -3 (1285)
WTI $83
10ytb 4•650%
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MSCI(W) +1 (3323)
Gold Bugs u/c (256)
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Nyse data
Issues 2890
Advances 1186
Declines 1596
U/c 108
NH 58
NL 30
T/vol(bn) 3•7
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Latest :- Vix 16. Brent $87.
Gold $2310. Copper $4•451.
Palm $1042. Silver $27•020.
$1•246. €1•164.
FF -1. DF -54.
Talking point of the day was the after hours slump in Meta stock price which fell 15% to $419. Earnings came out above expectations (Q1+27%) but Zuckerberg said the company would spend billions more on Ai which shocked investors. Capex is forecast to rise between $37bn-$40bn from $28bn last year.
Meta woes weighed on the wider mrkt as big cap techs fell in sympathy. Bucking the trend Tesla added $17 to $162
on reports sales would be up this year and production of more affordable EVs would start in early 2025. They are expected to be priced around $25,000. On the big board gainers outpaced losers by 18 to 12 with Boeing propping up the losers after its fist Q loss in 7 quarters. Plane deliveries fell 47% in the quarter.
Boeing never out of the news reported a Q1 loss of $1•13 per share on revs of $16•6bn which were better than forecast. Boeing declined to give any 2024/5 guidance even after United and Delta said they are talking to Airbus. Boeing has a massive order backlog of 5591 planes worth c.$500bn.
Morning all.