Archives of “May 25, 2022” day
rssTAKE PRINT OUT PLEASE
Singapore Q1 economic growth 0.7% q/q (expected 0.8%) and 3.7% y/y (expected 3.7%)
Singapore January to March 2022 GDP
+0.7% q/q
- expected 0.8%, prior 1.4%
+3.7% y/y
- expected 3.7%, prior 3.4%
Singapore’s Ministry of Trade and Industry says its held on to its 3 to 5% GDP forecast for the year, but growth is likely to come in at the lower end of that range.
Nasdaq snapped lower. Dow closes higher
The major US indices are closing mixed with the Dow, closing higher, but the S&P and Nasdaq falling. The Nasdaq snapped sharply lower after SNAP announced that earnings and revenues will be sharply lower than their own expectations released just last month. The shares fell -43.08% on the day.
A look at the closing levels shows:
Other big decliners included: Gainers today included: