May 27th stock market update

1- STOCK MARKET NEWS 05.27.2022 1- Markets rallied and recovered yesterday drastically as more investors digested the fed minutes released on Wednesday.

2- We have finally had a solid recovery week to close out this week after 7 red weeks.

3- Premarket the markets are slightly higher with tech up about 60 points. Keep in mind that even though we're getting a market bounce this week, doesn't mean we're out of bear market territory because in a decline there are drops and pops.

4- Retail bloodbath continues with gap and big lots dropping almost 20% due to slashing profit guidance.

5- $Ulta Beauty(ULTA.US)$ however softened the blow by rising about 8% from earnings.

6- American eagle dropped 13%, $Red Robin(RRGB.US)$ surged 13% and dell rose 9% after earnings.

7- White House is planning a deal to cancel student debt by $10,000.

8- Oil hovers around the $118 level as it attempts to find the next direction.

9- $DiDi Global (Delisted)(DIDI.US)$ is up 8%+ premarket after faw group is looking to buy a stake in the company.

10- Credit Suisse adjusted their $Tesla(TSLA.US)$ delivery forecast from 295k to 240-250k.

11- U.S. mortgages fall by 5% for biggest drop since 2020.

12- Elon musk is being sued by a shareholder who believes he manipulated the price of $Twitter (Delisted)(TWTR.US)$ before purchase.

13- U.S. will be holding trade and economic talks with Taiwan soon.

14- $Terra(LUNA.CC)$ 2.0 launches tonight at 2am est. Next week will be filled with events so let's prepare as we start a new month and a good 2 weeks before the fed meeting!