Analyst ViewsU.S. bourse closed higher in what was another volatile week as investors weighed the stronger-than-expected monthly jobs report against positive earnings and rising interest rates.
| Ticker |
Security |
Last |
Change |
Change % |
| I:DJI |
DOW JONES AVERAGES |
35089.74 |
-21.42 |
-0.06% |
| SP500 |
S&P 500 |
4500.53 |
+23.09 |
+0.52% |
| I:COMP |
NASDAQ COMPOSITE INDEX |
14098.00 |
+219.19 |
+1.58% |
The Dow Jones Industrial Average ended with little changed, while the S&P 500 and Nasdaq Composite rose 0.5% and 1.5%, respectively. For the week, all three of the major averages posted gains.
Treasury yield, the yield on the 10-year Treasury rose to 1.93%, the highest since December 2019, lifting big banks higher.
| Ticker |
Security |
Last |
Change |
Change % |
| JPM |
JPMORGAN CHASE & CO. |
152.56 |
+3.86 |
+2.60% |
| BAC |
BANK OF AMERICA CORP. |
48.28 |
+1.85 |
+3.98% |
| WFC |
WELLS FARGO & CO. |
56.33 |
+1.16 |
+2.10% |
Commodities, Oil tacked on 5.5% for the week, closing at $92.21 per barrel, a seven-year-high.
| Ticker |
Security |
Last |
Change |
Change % |
| USO |
UNITED STATES OIL FUND L.P. |
64.91 |
+1.40 |
+2.20% |
Earnings, Amazon shares rose after strong quarterly results. Wall Street had expected EPS of $3.44, but the retailer delivered a staggering $27.75. The stock registered its best day since October 2017.
| Ticker |
Security |
Last |
Change |
Change % |
| AMZN |
AMAZON.COM INC. |
3,152.79 |
+375.88 |
+13.54% |
Higher inflation is behind a price hike for monthly Prime memberships, which will go from $12.99 to $14.99, and annual memberships will be hiked to $139 from the current $119. The price change will go into effect for new members starting Feb. 18, and existing members will see their fees go up on the date of their next renewal after March 25.
Facebook shares inched higher after the 26.4% wipeout, which erased more than $230 billion in market value, easily the biggest one-day loss in history for a U.S. company. The stocks of other social media companies, including Twitter and Snap, also fell.
| Ticker |
Security |
Last |
Change |
Change % |
| CLX |
THE CLOROX CO. |
141.41 |
-23.93 |
-14.47% |
Cryptocurrencies, Bitcoin bounced higher, crossing the $40,000 level.
SPOT MARKET BY THE HOUR AS OF GMT 10:02 02-07-22
European Market, the European market by the hour is still cruising on an upward swing in the first trading day of the week with most indices positive across the board. London's FTSE climbed 0.22% to 7,533.17, Germany's DAX increased by 0.99% to 15,112.85 and France's CAC declined by 0.2% to 6,937.63.
Asia Market, Asian stocks The investor's appetite remain mixed as all Asian Markets are back trading after the Lunar New Year holiday. However, Tokyo's Nikkei 225 index declined by 0.73% to 27,248.87, the Hang Seng in Hong Kong climbed by 0.03% to 24,579.55, while China's Shanghai also increased by 2.03% to 3,429.58.
SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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