The Week 10 of 2022 US Stock Market News Recap
Week 10 is another weekly win for The Stock Market Bear as investors dwell on Russia’s continuing attack on Ukraine and inflation.
By Larry C. Paxton
The US Stock Market Week 10 Summary:
Like Russia’s continuing assault on Ukraine, The Stock Market Bear took his seventh week of 2022, Week 10, by inflicting major losses on Monday and Tuesday, was briefly interrupted by a successful counteroffensive by The Stock Market Bull on Wednesday, but then returned to make big gashes on the markets again on Thursday and Friday. With the Russia/Ukraine War intensifying, high inflation worries escalating, and the lingering effects of the COVID-19 pandemic, what will it take for The Stock Market Bull to prevent a trifecta of weekly losses in Week 11?
US Stock Market Indices Summary |
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Week 10 of 2022 Ending 03/11/22 |
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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 9-Friday & Close(03/04/22) | 33,614.80 | 13,313.44 | 4,328.87 |
| Week 10-Monday(03/07/22) | 32,817.38 | 12,830.96 | 4,201.09 |
| Day Change | (797.42) | (482.48) | (127.78) |
| Day % Change | -2.37% | -3.62% | -2.95% |
| Week 10-Tuesday(03/08/22) | 32,632.64 | 12,795.55 | 4,170.70 |
| Day Change | (184.74) | (35.41) | (30.39) |
| Day % Change | -0.56% | -0.28% | -0.72% |
| Week 10-Wednesday(03/09/22) | 33,286.25 | 13,255.55 | 4,277.88 |
| Day Change | 653.61 | 460.00 | 107.18 |
| Day % Change | 2.00% | 3.59% | 2.57% |
| Week 10-Thursday(03/10/22) | 33,174.07 | 13,129.96 | 4,259.52 |
| Day Change | (112.18) | (125.59) | (18.36) |
| Day % Change | -0.34% | -0.95% | -0.43% |
| Week 10-Friday & Close(03/11/22) | 32,944.19 | 12,843.81 | 4,204.31 |
| Day Change | (229.88) | (286.15) | (55.21) |
| Day % Change | -0.69% | -2.18% | -1.30% |
| Change-Week | (670.61) | (469.63) | (124.56) |
| % Change-Week | -1.99% | -3.53% | -2.88% |
| Change-Month-to-Date | (948.41) | (907.59) | (169.63) |
| % Change-Month-to-Date | -2.80% | -6.60% | -3.88% |
| Change-Quarter-to-Date | (3,394.11) | (2,801.16) | (561.87) |
| % Change-Quarter-to-Date | -9.34% | -17.90% | -11.79% |
| Change-Year-to-Date | (3,394.11) | (2,801.16) | (561.87) |
| % Change-Year-to-Date | -9.34% | -17.90% | -11.79% |
| Change-Record | (3,855.46) | (3,213.63) | (592.25) |
| % Change-Record | -10.48% | -20.01% | -12.35% |
The Stock Market Bull and Bear Tallies 2022 YTD |
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| Week 10 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 | 7 | 2 | Winning |
| Mixed Result | 1 | 0 | |
| Totals | 10 | 2 | |
Influences/News:
- Russia’s attacks in Ukraine continue to be the major headlines. The world continues to watch anxiously as diplomatic efforts have failed so far. On the other hand, while Russia’s military offensive continues, it also seems somewhat vulnerable to the defenses and counterattacks by a determined, courageous, and brave Ukraine military and its volunteers. The Russians anticipated a 3 day war, and now it is in its 14th day. There has been a lot of destruction and human suffering, but there is no clear victory for Russian’s efforts to this point, even as the US, European Union and NATO offer moral support through economic sanctions but offering limited military support for Ukraine. What happens next can only be conjectures and based primarily on Russia’s actions, but the extremes range from Russia’s complete retreat to it defiantly unleashing its nuclear arsenal resulting in a civilization ending worldwide holocaust.
- In other international news North Korea continues to test fire missiles, some of which appear to be capable of striking the US.
- The Iran nuclear talks have been paused.
- The COVID-19 pandemic has now claimed over 6 million lives worldwide and nearly 1 million in the US. However, rates of infections, hospitalizations, and deaths are dropping. There are concerns that there will be future variants, and that societies will have to develop strategies to deal with it forever, just like we have for the flu and other diseases.
- In the US central Iowa experienced a series of killer tornados.
- In some key US economic news consumer credit grew by 6.8% in January, the slowest pace in a year; wholesale trade was up 4.0% in January, +22.4% over the past 12 months; US international trade in January showed a deficit of $89.7 billion, the January 2021 deficit was at $65.2 billion; the consumer price index over the past 12 months, or the inflation rate, was +7.9%, highest in 40 years; the federal government spending deficit for February 2022 was at $217 billion, it was $311 billion in February 2021; the price for a gallon of gas is well above $4, with inflation and the Russia/Ukraine War contributing to that rise.
- US Major League Baseball and the Players Union have agreed on terms, the 2022 season will be delayed by about a week, and all games will be played.
- The Beijing 2022 Paralympics finish on March 13.
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