AllMarket Update
logoArgusMay 20, 2022

Market Update: AMAT, EQIX, VFC, WMT

Technology, Real Estate, Consumer Defensive, Consumer Cyclical

Stocks continued to fall on Friday morning after giving up early gains. The selloff was led by the Consumer Discretionary and Industrial Sectors, though all sectors were down. The S&P 500 remained on track for its seventh straight weekly loss. On the earnings front, Deere shares fell more than 11% despite the company's better-than-expected fiscal 2Q earnings and higher full-year guidance. The Dow fell 0.7%, the S&P 0.7%, and the Nasdaq 0.9%. Crude oil rose slightly to $113 per barrel, while gold traded near $1844 per ounce.

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