Market Indices

Nikkei 225

• Closing Price: 38,614.50
• Daily Change: -497.50 (-1.27%)

DAX

• Closing Price: 18,694.42
• Daily Change: +3.10 (+0.02%)

NASDAQ Composite

• Closing Price: 16,920.79
• Daily Change: +184.76 (+1.10%)

S&P 500

• Closing Price: 5,304.72
• Daily Change: +36.88 (+0.70%)

Sector Performance

• Top Performing Sector: Tech
• Worst Performing Sector: Industrials

Economic Indicators

• Consumer Confidence Index: 97.0 in April 2024 (lowest since July 2022)
• Inflation (CPI): Rose 3.4% in April 2024
• Unemployment Rate: 3.9% in April 2024

Upcoming Economic Events

• Consumer Confidence Index release on Tuesday, May 28th at 10 AM ET

Notable Earnings Reports

• Bank of Nova Scotia (BNS): Expected EPS $1.14 (-8.80% YoY)
• Elbit Systems Ltd.: Expected EPS $1.60 (-5.88% YoY)
• Danaos Corporation: Expected EPS $7.71 (+7.98% YoY)

Top Gainers & Losers

Top Gainers

• OneMedNet Corporation (ONMD): +56.46% at $2.30
• iPower Inc. (IPW): +36.24% at $2.03
• Merus N.V. (MRUS): +36.12% at $59.99

Top Losers

• Verastem, Inc. (VSTM): -66.17% at $4.12
• Sensei Biotherapeutics, Inc. (SNSE): -45.89% at $0.79
• Genelux Corporation (GNLX): -43.04% at $2.62

Focus Stock: Lam Research Corporation (LRCX)

• Current Price: $970.57
• P/E Ratio: 86
• EPS: 81/99
• Revenue: $3.79 billion
• Projected Q4 EPS: $7.50 on sales of $3.8 billion
• 52-Week Range: $970.57 - $1,007.39

Analyst Recommendations

Target Corporation (TGT)

• 56% Buy, 42% Hold, 3% Sell
• Average Price Target: $183.58

Market News Highlights

• Sensex gained 267 points on May 22nd, RBI approved record surplus transfer
• Sensex, Nifty closed slightly down on May 24th after hitting records
• Luxury fruit market spike with $395 Rubyglow pineapple