Nasdaq 2% Drop Drags S&P 500 Down 1%, Bond Yields Climb
- Apr 14, 2022
- Barry Adams
Tech stocks led the losers after inflation worries dominated trading and investors reviewed a barrage of earnings from large banks. Though there were signs of hope, all major banks reported a sharp decline in earnings. Crude oil price spiked up again and surpassed $105 a barrel in New York and $110 in international trading. 10-year Treasury yield inches to a new 3-year high of 2.83%.
Annual Returns
| Company | Ticker | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Nike Inc | NKE | -35% | 18% | 40% |
| Caterpillar Inc | CAT | -5% | 14% | 23% |
| Twitter Inc | TWTR | -11% | -20% | 68% |
| Amazon com Inc | AMZN | -97% | 2% | 77% |
| FedEx Corporation | FDX | -11% | -0% | 73% |