The Week 9 of 2022 US Stock Market News Recap
The Stock Market Bear continues his domination, helped by Russia’s controversial attack on Ukraine, takes Week 9 of 2022 with a dominating 3-0 win.
By Larry C. Paxton
The US Stock Market Week 9 Summary:
The stock markets don’t like uncertainty. In a short time Russia’s attack on Ukraine has considerably elevated that over the longer time and ongoing “contributions” of the COVID-19 pandemic and economic inflationary concerns. The Stock Market Bear capitalized on that in Week 9 of 2022, getting a 2-1 mixed result on Monday. As the Russia-Ukraine news worsened he then took a big full 3-0 bite on Tuesday. The Stock Market Bull made a valiant effort on Wednesday, got the 3-0 result, but the news took another turn for the worst, allowing The Stock Market Bear to spill more blood on Thursday and Friday, and takes the 3-0 win in Week 9 in a dominating way.
US Stock Market Indices Summary |
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Week 9 of 2022 Ending 03/04/22 |
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| DJIA | NASDAQ | S&P500 | |
| Previous Year Close(12/31/21) | 36,338.30 | 15,644.97 | 4,766.18 |
| Previous Quarter Close(12/31/21) | 36,338.30 | 15,644.97 | 4,766.18 |
| Previous Month Close(02/28/22) | 33,892.60 | 13,751.40 | 4,373.94 |
| Record Close Date | 01/04/22 | 11/19/21 | 01/03/22 |
| Record Close | 36,799.65 | 16,057.44 | 4,796.56 |
| Week 8-Friday & Close(02/25/22) | 34,058.75 | 13,694.62 | 4,384.65 |
| Week 9-Monday(02/28/22) | 33,892.60 | 13,751.40 | 4,373.94 |
| Day Change | (166.15) | 56.78 | (10.71) |
| Day % Change | -0.49% | 0.41% | -0.24% |
| Week 9-Tuesday(03/01/22) | 33,294.95 | 13,532.46 | 4,306.26 |
| Day Change | (597.65) | (218.94) | (67.68) |
| Day % Change | -1.76% | -1.59% | -1.55% |
| Week 9-Wednesday(03/02/22) | 33,891.35 | 13,752.02 | 4,386.54 |
| Day Change | 596.40 | 219.56 | 80.28 |
| Day % Change | 1.79% | 1.62% | 1.86% |
| Week 9-Thursday(03/03/22) | 33,794.66 | 13,537.94 | 4,363.49 |
| Day Change | (96.69) | (214.08) | (23.05) |
| Day % Change | -0.29% | -1.56% | -0.53% |
| Week 9-Friday & Close(03/04/22) | 33,614.80 | 13,313.44 | 4,328.87 |
| Day Change | (179.86) | (224.50) | (34.62) |
| Day % Change | -0.53% | -1.66% | -0.79% |
| Change-Week | (443.95) | (381.18) | (55.78) |
| % Change-Week | -1.30% | -2.78% | -1.27% |
| Change-Month-to-Date | (277.80) | (437.96) | (45.07) |
| % Change-Month-to-Date | -0.82% | -3.18% | -1.03% |
| Change-Quarter-to-Date | (2,723.50) | (2,331.53) | (437.31) |
| % Change-Quarter-to-Date | -7.49% | -14.90% | -9.18% |
| Change-Year-to-Date | (2,723.50) | (2,331.53) | (437.31) |
| % Change-Year-to-Date | -7.49% | -14.90% | -9.18% |
| Change-Record | (3,184.85) | (2,744.00) | (467.69) |
| % Change-Record | -8.65% | -17.09% | -9.75% |
The Stock Market Bull and Bear Tallies 2022 YTD |
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| Week 9 Winner and Tally | Bear | 3-0 | Win |
| February Winner and Tally | Bear | 3-0 | Win |
| Weeks | Months | 2022 YTD | |
| The Stock Market Bull | 2 | 0 | |
| The Stock Market Bear | 6 | 2 | Winning |
| Mixed Result | 1 | 0 | |
| Totals | 9 | 2 | |
Influences/News:
- Citizens of the world continue to be shocked by Russia’s invasion of Ukraine, the inevitable brutalities of war, the courage and bravery of the Ukraine people as they fight back against incredible odds, and in the first week the over one million of mostly women and children desperately migrating to the borders of Poland, Slovakia, Hungary and Romania and beyond as refugees, with millions more expected in the coming weeks. The European Union, US, Far East democracies and other countries around the world continue to try to use increasing economic sanctions against Russia, Putin, and Russian oligarchs, while providing financial, military equipment, and moral support to Ukraine, but not willing to enter the war directly militarily because of the fear that Russia’s Putin’s will push his finger down on the button that would launch his nuclear weapons. The United Nations passes a resolution by an unusually large majority condemning Russia’s attack. Many large corporations around the world start withdrawing their companies and stop buying products from Russia. Oil prices reach near record highs as pressure increases for the world to shun Russia’s largest export commodity.
- US President Biden gives his first State of the Union address, with a focus on the Russia-Ukraine situation, US and world efforts to thwart Russia, US economic issues, the effect and future of the COVID-19 pandemic, and asking for bipartisanship to pass his rebranded Building a Better America plan.
- In US economic news Federal Reserve Board chair Jerome Powell expressed his willingness to fight inflation by raising federal short term funds interest rates a quarter of a percent. Jobs reports by ADP and the US Labor Department exceed forecasts, the unemployment rate drops to 3.8%. As mentioned before, oil prices spike to over $115/barrel forcing gas prices up as well. Factory orders are up more than expected, and mortgage rates take a dip to 3.76% on a 30 year fixed rate mortgage.
- US President Biden’s Supreme Court nominee Ketanji Brown Jackson starts meeting with senators, hearings are scheduled to begin in a couple of weeks.
- US Major League Baseball continues negotiating with the Players Union, the original scheduled opening day has been cancelled.
- The 2022 Winter Paraolympics start in Beijing, China, complicated by controversies of the Russia invasion of Ukraine.
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