{"id":4683,"date":"2022-04-30T11:01:00","date_gmt":"2022-04-30T05:31:00","guid":{"rendered":"https:\/\/appreciatewealth.com\/blog\/?p=1948"},"modified":"2024-03-07T12:43:36","modified_gmt":"2024-03-07T07:13:36","slug":"stocks-on-course-for-worst-week","status":"publish","type":"rearview_mirror","link":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week","title":{"rendered":"Stocks on course for worst week"},"content":{"rendered":"\r\n<p>23rd April \u2013 29th April 2022 | Another week in the markets<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table is-style-stripes\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><strong>S&amp;P 500<\/strong><\/td>\r\n<td><strong>Nasdaq<\/strong><\/td>\r\n<td><strong>VIX<\/strong><\/td>\r\n<td><strong>DJIA<\/strong><\/td>\r\n<td><strong>Russell 1000<\/strong><\/td>\r\n<td><strong>NYSE<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>4,131.93<\/strong><\/td>\r\n<td><strong>12,334.64<\/strong><\/td>\r\n<td><strong>33.40<\/strong><\/td>\r\n<td><strong>32,977.21<\/strong><\/td>\r\n<td><strong>2,276.45<\/strong><\/td>\r\n<td><strong>15,615.25<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>-1.96%<\/strong><\/td>\r\n<td><strong>-3.10%<\/strong><\/td>\r\n<td><strong>15.01%<\/strong><\/td>\r\n<td><strong>-1.60%<\/strong><\/td>\r\n<td><strong>-2.03%<\/strong><\/td>\r\n<td><strong>-2.75%<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0<\/td>\r\n<td>\u00a0<\/td>\r\n<td>\u00a0<\/td>\r\n<td>\u00a0<\/td>\r\n<td>\u00a0<\/td>\r\n<td>\u00a0<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Nifty 50<\/strong><\/td>\r\n<td><strong>Gold<\/strong><\/td>\r\n<td><strong>Silver<\/strong><\/td>\r\n<td><strong>Brent crude<\/strong><\/td>\r\n<td><strong>USD-INR<\/strong><\/td>\r\n<td><strong>EUR-INR<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>17,102.55<\/strong><\/td>\r\n<td><strong>$1,896<\/strong><\/td>\r\n<td><strong>$22.74<\/strong><\/td>\r\n<td><strong>$109.40<\/strong><\/td>\r\n<td><strong>76.52<\/strong><\/td>\r\n<td><strong>80.68<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>0.67%<\/strong><\/td>\r\n<td><strong>-1.75%<\/strong><\/td>\r\n<td><strong>-5.77%<\/strong><\/td>\r\n<td><strong>2.58%<\/strong><\/td>\r\n<td><strong>0.012%<\/strong><\/td>\r\n<td><strong>1.88%<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Hello Saturday,<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>This week the world stocks have remained on course for their worst month since the pandemic broke out in March 2020 and the current virus outbreak worsening in China isn\u2019t helping.\u00a0<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Tech giants including Amazon and Meta posted mixed first-quarter earnings<\/li>\r\n\r\n\r\n\r\n<li>US sees a decline in its first-quarter GDP by 1.4%<\/li>\r\n\r\n\r\n\r\n<li>Elon Musk secures a deal to buy Twitter at a valuation of about $44 billion<\/li>\r\n\r\n\r\n\r\n<li>President Biden to make a decision on student loan forgiveness soon<\/li>\r\n\r\n\r\n\r\n<li>The virus outbreak in China threatens to stress global supply chains further\u00a0<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong><em>Taking stock | Ups and downs | Quarterly drop | Town square sale | Student loan forgiveness | Supply chains shanghaied | Invest wisely<\/em><\/strong><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Taking stock\u00a0<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>The Dow Jones, S&amp;P 500, and Nasdaq all closed the last trading day of April with sharp losses. The Dow Jones and S&amp;P 500 booked the worst losses since 1970 while Nasdaq registered its biggest monthly dip since 2008. Between the release of fresh inflation data, disappointing earnings posted by Amazon.com Inc., and Apple warning about rising costs, the US stocks dropped.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Ups and downs<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>On Thursday, Amazon.com Inc., posted its 2022 Q1 earnings which revealed a net loss of $3.8 billion. This is the first quarter in four years that Amazon has posted a net loss. As a result, in after-hours trading, Amazon\u2019s stock dropped by about 10%. The results for the quarter were mixed with a revenue increase of 7% and certain revenue streams such as Amazon\u2019s Web Services beating estimates. However, high costs and slow growth resulted in a net loss and an EPS of -$7.56 which fell far below analysts\u2019 estimate of $8.55.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>On the other hand, Meta, Facebook\u2019s parent company, which also posted its quarterly earnings on Thursday beat profit estimates and saw a 17.6% surge in its stock price. Meta\u2019s EPS of $2.72 was higher than the $2.56 estimated by analysts. Meta\u2019s revenue of $27.91 billion, however, was lower than estimates. The daily active users increased marginally from 1.93 billion to 1.96 billion but this comes after the company posted a disappointing fourth-quarter report which showed the first-ever drop in active daily users.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Quarterly drop<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>US\u2019s 2022 first-quarter Gross Domestic Product (GDP) declined by an annual rate of 1.4% and proved to be the weakest quarter since early 2020 when the pandemic broke out. This is also a sharp reversal from the 6.9% annual growth rate of the fourth quarter of 2021. One of the primary reasons for this is a growing trade deficit and pandemic related supply-chain challenges. The first quarter of the year saw a decline in exports while the imports surged. Another factor that pushed down growth is the slow inventory buildup by businesses as compared to last quarter. The stock market did not react to this for the most part as a drop in the quarter GDP does not always lead to a recession. Moreover, the US economy has continued to remain resilient with consumer spending being the primary driver.\u00a0<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/QWLI8WIZ5Z22Cj2KckKE3t3kMeF-nkIoVxEulcSF7n7lCDY-4KoiKLoeGxZ8D1DtFDQDZEDRd1eWs_j7RpgIaTykdEIIVLjlsAjEetFCwsIck0Ot30FpohEMHjoJf8gMQHzqc5j1\" alt=\"A graph on US real GDP\" \/><\/figure>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Town square sale<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>From becoming Twitter\u2019s largest shareholder to offering to buy the entire social media platform to finally securing a deal on Monday, Elon Musk has finally got what he wanted. The deal values the firm at roughly $44 billion with $54.20 a share. Some are still on the fence about this deal going through and believe it could fall for various reasons over the next few months before it is finalized. EU regulations, Musk\u2019s 2018 settlement with the Securities and Exchange Board (SEC) about what he can tweet, Twitter\u2019s shareholders weighing in, etc., are some of the factors that could impact it.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Student loan forgiveness\u00a0<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>President Biden has said that the decision on student loan forgiveness will be announced in the next couple of weeks. While the amount and terms of this are yet uncertain, one thing is clear that it would be less than $50,000. People are speculating that the bulk of the debt reduction benefits would go to borrowers from the lower-to-middle income groups. Even a $10,000 reduction would entirely eliminate student debt for about 1 in 5 borrowers.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Supply chains shanghaied<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>China\u2019s President Xi Jinping has enforced a zero-COVID policy in an effort to contain the country\u2019s worst outbreak yet. Shanghai, which is the world\u2019s biggest container port has now been shut for a month and cases are rising in Beijing. Companies in the US are fearing that the already stressed global supply chains due to the Ukraine crisis will further be strained and worsen inflation.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Invest wisely<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>The best thing to do now is to stick to your long-term investing goals and not experiment or deter from your risk tolerance. Investing in the stock market in a staggered way with the help of Systematic Investment Plans (SIPs) is the most effective way to hedge the current market volatility along with diversification. With the help of the Appreciate app, you can invest in a range of US stocks and ETFs through SIPs and meet your financial goals in the desired time. Download the <a href=\"https:\/\/appreciatewealth.com\/index\">Appreciate app<\/a> today to build an investment portfolio that\u2019s resilient in the face of market uncertainty.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Warm regards,<br \/><strong>Another week <\/strong><strong><br \/><\/strong><strong>in the markets<\/strong><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Stocks on course for worst week<\/p>\n","protected":false},"featured_media":4669,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set"},"class_list":["post-4683","rearview_mirror","type-rearview_mirror","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks on course for worst week - appreciate<\/title>\n<meta name=\"description\" content=\"Stocks remained on course for their worst month since the pandemic broke out and the current virus outbreak worsening in China isn\u2019t helping.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks on course for worst week - appreciate\" \/>\n<meta property=\"og:description\" content=\"Stocks remained on course for their worst month since the pandemic broke out and the current virus outbreak worsening in China isn\u2019t helping.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week\" \/>\n<meta property=\"og:site_name\" content=\"appreciate\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-07T07:13:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1727\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week\",\"name\":\"Stocks on course for worst week - appreciate\",\"isPartOf\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#primaryimage\"},\"image\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#primaryimage\"},\"thumbnailUrl\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\",\"datePublished\":\"2022-04-30T05:31:00+00:00\",\"dateModified\":\"2024-03-07T07:13:36+00:00\",\"description\":\"Stocks remained on course for their worst month since the pandemic broke out and the current virus outbreak worsening in China isn\u2019t helping.\",\"breadcrumb\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#primaryimage\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\",\"contentUrl\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg\",\"width\":2560,\"height\":1727,\"caption\":\"Weekly Recap\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Learn\",\"item\":\"https:\/\/appreciatewealth.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rearview Mirror\",\"item\":\"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Stocks on course for worst week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#website\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/\",\"name\":\"Appreciate Blog\",\"description\":\"Investing for everyone\",\"publisher\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/appreciatewealth.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#organization\",\"name\":\"Appreciate Blog\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png\",\"contentUrl\":\"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png\",\"width\":50,\"height\":58,\"caption\":\"Appreciate Blog\"},\"image\":{\"@id\":\"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stocks on course for worst week - appreciate","description":"Stocks remained on course for their worst month since the pandemic broke out and the current virus outbreak worsening in China isn\u2019t helping.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week","og_locale":"en_US","og_type":"article","og_title":"Stocks on course for worst week - appreciate","og_description":"Stocks remained on course for their worst month since the pandemic broke out and the current virus outbreak worsening in China isn\u2019t helping.","og_url":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week","og_site_name":"appreciate","article_modified_time":"2024-03-07T07:13:36+00:00","og_image":[{"width":2560,"height":1727,"url":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week","url":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week","name":"Stocks on course for worst week - appreciate","isPartOf":{"@id":"https:\/\/appreciatewealth.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#primaryimage"},"image":{"@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#primaryimage"},"thumbnailUrl":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","datePublished":"2022-04-30T05:31:00+00:00","dateModified":"2024-03-07T07:13:36+00:00","description":"Stocks remained on course for their worst month since the pandemic broke out and the current virus outbreak worsening in China isn\u2019t helping.","breadcrumb":{"@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#primaryimage","url":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","contentUrl":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2022\/03\/iStock-962009512-scaled-1.jpg","width":2560,"height":1727,"caption":"Weekly Recap"},{"@type":"BreadcrumbList","@id":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror\/stocks-on-course-for-worst-week#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Learn","item":"https:\/\/appreciatewealth.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Rearview Mirror","item":"https:\/\/appreciatewealth.com\/blog\/rearview-mirror"},{"@type":"ListItem","position":3,"name":"Stocks on course for worst week"}]},{"@type":"WebSite","@id":"https:\/\/appreciatewealth.com\/blog\/#website","url":"https:\/\/appreciatewealth.com\/blog\/","name":"Appreciate Blog","description":"Investing for everyone","publisher":{"@id":"https:\/\/appreciatewealth.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/appreciatewealth.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/appreciatewealth.com\/blog\/#organization","name":"Appreciate Blog","url":"https:\/\/appreciatewealth.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png","contentUrl":"https:\/\/appreciatewealth.com\/blog\/wp-content\/uploads\/2023\/02\/Path.png","width":50,"height":58,"caption":"Appreciate Blog"},"image":{"@id":"https:\/\/appreciatewealth.com\/blog\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/rearview_mirror\/4683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/rearview_mirror"}],"about":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/types\/rearview_mirror"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/media\/4669"}],"wp:attachment":[{"href":"https:\/\/appreciatewealth.com\/blog\/wp-json\/wp\/v2\/media?parent=4683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}