The Week 8 of 2022 US Stock Market News Recap
In a shortened Week 8 The Stock Market Bear claws out wins the first two days, The Stock Market Bull takes the last two days, and gets the Week 8 mixed 2-1 win.
By Larry C. Paxton
The US Stock Market Week 8 Summary:
Week 8 started with Monday a day off for the US stock exchanges to observe Presidents’ Day. But it was an anxious day as the world waited to see if Russia would invade Ukraine. On Tuesday and Wednesday The Stock Market Bear took charge by clawing his way to two very large losses days. Russia did attack Ukraine, sanctions were started against Russia, and The Stock Market Bull aggressively countered by taking charge on Thursday and Friday. At Friday’s close it was a split with The Stock Market Bull getting the 2-1 mixed win for the week and the first of 2022. Between the Russia-Ukraine concerns, inflation, and continuing COVID19 issues it was a fitting end to Week 8. Everyone is wondering, what will Week 9 bring?
US Stock Market Indices Summary |
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Week 8 of 2022 Ending 02/25/22 |
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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(01/31/22) | 35,131.86 | 14,239.88 | 4,515.55 |
| Record Close Date | 01/04/22 | 11/19/21 | 01/03/22 |
| Record Close | 36,799.65 | 16,057.44 | 4,796.56 |
| Week 7-Friday & Close(02/18/22) | 34,079.18 | 13,548.07 | 4,348.87 |
| Week 8-Monday(02/21/22) | 34,079.18 | 13,548.07 | 4,348.87 |
| Day Change | 0.00 | 0.00 | 0.00 |
| Day % Change | 0.00% | 0.00% | 0.00% |
| Week 8-Tuesday(02/22/22) | 33,596.61 | 13,381.52 | 4,304.76 |
| Day Change | (482.57) | (166.55) | (44.11) |
| Day % Change | -1.42% | -1.23% | -1.01% |
| Week 8-Wednesday(02/23/22) | 33,131.76 | 13,037.49 | 4,225.50 |
| Day Change | (464.85) | (344.03) | (79.26) |
| Day % Change | -1.38% | -2.57% | -1.84% |
| Week 8-Thursday(02/24/22) | 33,223.83 | 13,473.59 | 4,288.70 |
| Day Change | 92.07 | 436.10 | 63.20 |
| Day % Change | 0.28% | 3.34% | 1.50% |
| Week 8-Friday & Close(02/25/22) | 34,058.75 | 13,694.62 | 4,384.65 |
| Day Change | 834.92 | 221.03 | 95.95 |
| Day % Change | 2.51% | 1.64% | 2.24% |
| Change-Week | (20.43) | 146.55 | 35.78 |
| % Change-Week | -0.06% | 1.08% | 0.82% |
| Change-Month-to-Date | (1,073.11) | (545.26) | (130.90) |
| % Change-Month-to-Date | -3.05% | -3.83% | -2.90% |
| Change-Quarter-to-Date | (2,279.55) | (1,950.35) | (381.53) |
| % Change-Quarter-to-Date | -6.27% | -12.47% | -8.00% |
| Change-Year-to-Date | (2,279.55) | (1,950.35) | (381.53) |
| % Change-Year-to-Date | -6.27% | -12.47% | -8.00% |
| Change-Record | (2,740.90) | (2,362.82) | (411.91) |
| % Change-Record | -7.45% | -14.71% | -8.59% |
The Stock Market Bull and Bear Tallies 2022 YTD |
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| Week 8 Winner and Tally | Bull | 2-1 | Mixed Win |
| January Winner and Tally | Bear | 3-0 | Win |
| Weeks | Months | 2022 YTD | |
| The Stock Market Bull | 2 | 0 | |
| The Stock Market Bear | 5 | 1 | Winning |
| Mixed Result | 1 | 0 | |
| Totals | 8 | 1 | |
Influences/News:
- The Russia-Ukraine concerns became reality as Russia initially launched offenses to take over two breakaway Ukraine regions, then started closing in on the major city of Kyiv by the end of the week. NATO had an emergency session, agreed to beef up troops in neighboring countries. Speeches by US President Biden and many other world leaders from democracies denounced the use of military force, pledged to impose economic sanctions against Russia and its political and corporate leaders. Ukraine President Zelensky encouraged its military and citizens to provide resistance with some apparent initial success.
- Inflation in the US continues to be a big issue. The Federal Open Market Committee meets next month some members are talking about a quarter or half percent increase in the federal short term interest rate.
- COVID19 and associated variants cases and hospitalizations are decreasing rapidly, the US Center for Disease Control indicated that it is considering making some recommendations about the use of masks, probably to be oriented more towards communities that the nation itself.
- US President Biden nominates Ketanji Brown Jackson, a federal judge on the US Court of Appeals for the District of Columbia Circuit since 2021, to replace retiring US Supreme Court Justice Stephen Breyer. She is the first black female to be nominated for the position.
- In US economic news the Case-Shiller housing report indicated that in December home prices had increased by 18.6% over 12 months. The US Gross Domestic Product annual rate for 21Q4 was revised from +6.9% to +7.0%. US weekly initial jobless claims dropped 17,000 to 232,000 last week, closing in on pre-pandemic numbers. US mortgage rates dropped a little to an average of 3.89% with 0.8 points & fees in the last week. US personal incomes were little changed from the previous month.
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