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Stock Market Today: Biggest Winners and Losers

Stock Market Performance on May 19, 2023

The stock market closed slightly higher on Wednesday, May 19, 2023, as investors weighed concerns about inflation and rising interest rates against positive economic data. The Dow Jones Industrial Average rose 115.14 points, or 0.34%, to close at 33,535.91. The S&P 500 gained 39.28 points, or 0.94%, to close at 4,198.05. The Nasdaq Composite Index advanced 188.27 points, or 1.51%, to close at 12,688.84.

The biggest winners on the day were:

  • Tesla (TSLA): +9.3%

  • Amazon (AMZN): +8.8%

  • Apple (AAPL): +8.5%

  • Microsoft (MSFT): +8.2%

  • Alphabet (GOOGL): +8.0%

The biggest losers on the day were:

  • Occidental Petroleum (OXY): -10.3%

  • Chevron (CVX): -9.9%

  • Exxon Mobil (XOM): -9.6%

  • ConocoPhillips (CPO): -9.3%

  • EOG Resources (EOG): -9.0%

The stock market is still facing headwinds from inflation and rising interest rates, but investors are finding some comfort in positive economic data. The U.S. economy added 390,000 jobs in April, beating expectations. This is the strongest job growth in four months. The unemployment rate remained unchanged at 3.6%.

Investors will continue to monitor inflation and interest rates as they assess the outlook for the stock market. However, the positive economic data on Wednesday provides some hope that the economy is still growing and that the Federal Reserve will be able to raise interest rates without causing a recession.

Please note that this is not financial advice and you should always do your own research before investing in any stock.

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