CFRA Chief investment strategist Sam Stovall weighs in on fourth-quarter earnings reports and the Federal Reserve’s expected rate hikes this year to combat inflation.
U.S. stocks were trading mostly lower Monday as investors wind down a volatile month and ahead of another busy week for earnings.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 34725.47 | +564.69 | +1.65% |
| SP500 | S&P 500 | 4431.85 | +105.34 | +2.43% |
| I:COMP | NASDAQ COMPOSITE INDEX | 13770.573348 | +417.79 | +3.13% |
For the month, all three of the major averages are down with the Nasdaq fairing the worst off 12%.
Cirrus Logic and NXP Semiconductor are set to report on Monday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CRUS | CIRRUS LOGIC INC. | 85.25 | +2.42 | +2.92% |
| NXP | NUVEEN SEL T-F P 3 FD | 15.08 | -0.11 | -0.72% |
Later in the week tech will be in focus with Amazon, Google, and Meta Platforms, formerly Facebook, set to report.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 2,879.56 | +86.81 | +3.11% |
| GOOGL | ALPHABET INC. | 2,667.02 | +86.92 | +3.37% |
| FB | META PLATFORMS INC. | 301.71 | +7.07 | +2.40% |
Sony Pictures’ “Spider-Man: No Way Home” grossed $11 million over the weekend, according to studio estimates Sunday, bringing its domestic total to $735.9 million. The Marvel hit has accounted for a huge percentage of the month’s ticket sales.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SONY | SONY GROUP CORP. | 106.84 | +3.87 | +3.76% |
In commodities, oil hovered around the $87 per barrel level ahead of OPEC’s meeting this week.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND L.P. | 61.97 | +0.11 | +0.18% |
DRUGMAKERS RAISED PRICES BY 6.6% ON AVERAGE EARLY THIS YEAR
Asian stocks followed Wall Street higher Monday at the start of a week when China, South Korea and Southeast Asian markets will close for the Lunar New Year holiday.
CATHIE WOOD’S ARK FACES LOYALTY TEST AFTER TECH-STOCK ROUT
The major cryptocurrencies – Bitcoin, Ethereum and Dogecoin were all down hours before the opening bell on Wall Street.
CLICK HERE TO READ MORE ON FOX BUSINESS
The Associated Press contributed to this report.
Read More:Stocks fall as January winds down
2022-01-31 12:42:58
