Oil stocks, which have been big market winners in 2022 as crude prices soared following Russia’s invasion of Ukraine, were notable market losers Wednesday. But what’s particularly noteworthy is that many of Wall Street’s biggest winners are stocks with ties to the housing market. Even though stocks soared in July after a rotten games not on gamstop first half of 2022, “People are still too bearish,” Belksi said. As stocks settle after the trading day, levels might still change slightly. US stocks soared higher on Wednesday after a key inflation index showed that annual inflation is slowing, surprising analysts who expected worse news. Major tech stocks rose on the news, Facebook parent company Meta was up by 5.8% and Netflix was 6% higher.

• Major tech stocks rose on the news, Facebook parent company Meta was up by 5.8% and Netflix was 6% higher.
• Oil stocks, which have been big market winners in 2022 as crude prices soared following Russia’s invasion of Ukraine, were notable market losers Wednesday.
• As stocks settle after the trading day, levels might still change slightly.
• Even though stocks soared in July after a rotten first half of 2022, “People are still too bearish,” Belksi said.
• The three stocks are still down sharply this year, but investors are apparently betting that the worst may be over.

Bonds & rates

US stocks rose after Wednesday’s inflation report eased investors’ expectations on how quickly the Fed will raise interest rates. The three stocks are still down sharply this year, but investors are apparently betting that the worst may be over. Conversely, cruise line stocks led the market on Wednesday. (Drug stocks typically hold up better as a defensive hedge against inflation and economic slowdown worries.)