Stock Market Update

05-May-22 15:00 ET
Deflated sentiment
Dow -1159.40 at 32901.66, Nasdaq -681.25 at 12283.60, S&P -161.64 at 4138.53

[BRIEFING.COM] There remains a deflating feeling in the stock market with the S&P 500 down 3.8%.  

There's been little interest to buy the dip and a lot of interest to hedge against further downside. It'll be interesting to see if that bearish sentiment drives some short-covering activity into the close, but for now, it's more of the same. 

Looking ahead, Block (SQ 94.47, -12.31, -11.4%), Zillow (ZG 38.85, -4.26, -9.9%), Illumina (ILMN 291.06, -16.62, -5.4%), and DoorDash (DASH 71.72, -9.92, -12.2%) are some notable companies that will report earnings after the close. Note, there will be a plethora of earnings news after the close -- one of the biggest days this earnings season. 

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