Analyst View
The U.S. bourse ended the last trading day of January in the green and stocks finished with broad gains as investors put behind them a volatile month, looking forward to a better February. The
Nasdaq Composite took the lead rising 3.4% as Tesla and Netflix led the gains.
| Ticker |
Security |
Last |
Change |
Change % |
| I:COMP |
NASDAQ COMPOSITE INDEX |
14239.89 |
+469.31 |
+3.41% |
| TSLA |
TESLA INC. |
936.72 |
+90.37 |
+10.68% |
| NFLX |
NETFLIX INC. |
427.14 |
+42.78 |
+11.13% |
The Dow Jones Industrial Average rose over 406 points or 1.1%, reversing morning losses and the S&P 500 gained 1.9%.
| Ticker |
Security |
Last |
Change |
Change % |
| I:DJI |
DOW JONES AVERAGES |
35131.86 |
+406.39 |
+1.17% |
| SP500 |
S&P 500 |
4515.55 |
+83.70 |
+1.89% |
Despite the rally, the S&P 500 clocked its worst month since March of 2020 down 5.3%, the Nasdaq lost 9% and the Dow 3%.
Aviation, Boeing rose after announcing a new $6.8 billion order from Qatar Airways for GE9X engines as part of its global launch order of up to 50 Boeing 777-8 Freighters. The commitment, which includes 34 firm 777-8 orders and an additional 16 purchase right options, also includes GE90 engines for an additional order of two Boeing 777 Freighters.
| Ticker |
Security |
Last |
Change |
Change % |
| BA |
THE BOEING CO. |
200.24 |
+9.67 |
+5.07% |
Vaccine Maker, Moderna also rose after the Food and Drug Administration fully cleared its COVID-19 use for individuals 18 and over. Prior to this, the vaccine was being administered via emergency use classification.
| Ticker |
Security |
Last |
Change |
Change % |
| MRNA |
MODERNA INC. |
169.33 |
+9.86 |
+6.18% |
M &A Dealmaking, Sony Interactive announced plans to buy Bungie, the maker of the Halo and Destiny titles, for $3.6 billion. This follows Microsoft's $69 billion purchase of Activision.
| Ticker |
Security |
Last |
Change |
Change % |
| SONY |
SONY GROUP CORP. |
111.66 |
+4.82 |
+4.51% |
| MSFT |
MICROSOFT CORP. |
310.98 |
+2.72 |
+0.88% |
| ATVI |
ACTIVISION BLIZZARD INC. |
79.01 |
-0.13 |
-0.16% |
Blackberry is selling the majority of its patents tied to a legacy smartphone arm for $600 million to Catapult IP Innovations.
| Ticker |
Security |
Last |
Change |
Change % |
BB
|
BLACKBERRY LTD. |
8.23 |
+0.35 |
+4.44% |
Tech stocks, 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. |
2,991.47 |
+111.91 |
+3.89% |
| GOOGL |
ALPHABET INC. |
2,706.07 |
+39.05 |
+1.46% |
| FB |
META PLATFORMS INC. |
313.26 |
+11.55 |
+3.83% |
Cinema, 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. |
111.66 |
+4.82 |
+4.51% |
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. |
62.48 |
+0.51 |
+0.82% |
Cryptocurrencies, the major cryptocurrencies – Bitcoin, Ethereum and Dogecoin were all down, however, Bitcoin hinged up marginally to 38,536.91 by the hour.
SPOT MARKET BY THE HOUR AS OF GMT 09:00 02-01-22
European Market, the European market by the hour is having an upward swing in the first trading day of February with most indices positive across the board. London's FTSE climbed 0.86% to 7,528.65, Germany's DAX hinge higher by 1.2% to15,656.41 and France's CAC also accelerated by 1.81% to 7,081.81.
Asia Market, 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. However, investors sentiments are mixed Tokyo's Nikkei 225 index increased by 0.28% to 27,078.48, the Hang Seng in Hong Kong also climbed by 1.07% to 23,802.26, while China's Shanghai also retreated by 0.97% to 3,361.44.
SOURCE:
CNBCIMAGE SOURCE:
PIXABAY
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