Analyst Views
US Market, On Wednesday trading, the U.S. market stocks ended the session amidst mixed investors' sentiments due to the Federal Reserve officials red-hot inflation and a tight labour market which will likely warrant faster-than-expected rate hikes.
The Dow Jones Industrial Average fell over 57 points or 0.16%, the Nasdaq Composite slipped 0.11%, while the S&P 500 pushed out a small gain. All three of the major averages closed well off the lows of the session after the details from the Fed's last meeting were released.
Investors also continued to monitor tensions between Russia and Ukraine after NATO reported that Russia was not easing its military presence around Ukraine.
| Ticker |
Security |
Last |
Change |
Change % |
| I:DJI |
DOW JONES AVERAGES |
34934.27 |
-54.57 |
-0.16% |
| SP500 |
S&P 500 |
4475.01 |
+3.94 |
+0.09% |
| I:COMP |
NASDAQ COMPOSITE INDEX |
14124.09 |
-15.66 |
-0.11% |
Retail market report, earlier, retail sales jumped 3.8% in January, month over month after unexpectedly falling 2.5% in December based on the revision. Excluding the automotive component, spending increased 3.3% in January, a rebound from December’s 2.8% drop.
Commodities, Oil remained at $93 per barrel, giving a lift to ExxonMobil and Chevron.
| Ticker |
Security |
Last |
Change |
Change % |
| USO |
UNITED STATES OIL FUND L.P. |
63.54 |
-0.74 |
-1.15% |
| XOM |
EXXON MOBIL CORP. |
78.35 |
+0.36 |
+0.46% |
| CVX |
CHEVRON CORP. |
134.30 |
+0.04 |
+0.03% |
Earnings, Airbnb shares rose after the company reported a rebound in business, with most bookings at the travel rental company coming in for four days or longer.
| Ticker |
Security |
Last |
Change |
Change % |
| ABNB |
AIRBNB INC. |
186.64 |
+6.57 |
+3.65% |
Robolox shares fell after reporting a 25-cent loss missing the 13-cent profit Wall Street was expecting. Revenue of $770 million also fell short of Wall Street estimates.
| Ticker |
Security |
Last |
Change |
Change % |
| RBLX |
ROBLOX CORP. |
53.87 |
-19.43 |
-26.51% |
Kraft Heinz saw its shares rise after delivering a better-than-expected quarter and said revenues this fiscal year will be as much as $6 billion, higher than Wall Street's $5.8 billion estimates.
| Ticker |
Security |
Last |
Change |
Change % |
| KHC |
THE KRAFT HEINZ CO. |
36.62 |
+1.94 |
+5.59% |
Trump SPAC, Shares of Trump SPAC Digital World Acquisition rose as the platform readies a kickoff.
| Ticker |
Security |
Last |
Change |
Change % |
| DWAC |
DIGITAL WORLD ACQUISITION CORP. |
85.16 |
+4.01 |
+4.94% |
Bitcoin traded around $44,000.
SPOT MARKET BY THE HOUR AS OF GMT 09:20 02-17-22
European Market, the European market performance by the hour was mixed as investors track Russia and Ukraine crisis. London's FTSE declined by 0.44% to 7,568.87, Germany's DAX increased by 0.03% to 15,367.33 and France's CAC also increased by 0.15% to 6,975.85.
Asia Market, Asian stocks The investor's appetite remain mixed as Tokyo's Nikkei 225 index retreated by 0.83% to 27,232.87, the Hang Seng in Hong Kong moved up by 0.3% to 24,792.77, while China's Shanghai also increased by 0.06% to 3,468.04.Cryptocurrencies, at an intraday range of $43,355.85 by the hour and a maximum of $44,204.78 in 24 hours.
SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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