Search

US Stocks Closed Positive, Europe Lower at Worst Performance Since November 2021.


London, Monday, 24 January 2022 -


US Markets summary


On Monday afternoon, US stocks recovered their losses as buyers took advantage of reduced valuations.


Traders are being cautious ahead of significant tech earnings announcements, but they have begun to price in the likelihood that the Federal Reserve will hike rates three to four times this year and begin quantitative tightening.


After falling more than 1100 points earlier in the session, the Dow ended up about 100 points higher, the S&P gained 0.3 percent, and the Nasdaq rose 0.6 percent after falling 4.9 percent.


European Markets summary


On Monday, European stock markets fell to multi-month lows, with both Frankfurt's DAX and the pan-European index plunging 3.6 percent, as investors brace for the Federal Reserve's first rate hike since 2018 on Wednesday.


At the same time, concerns about rising tensions on the Russia-Ukraine border fuelled a worldwide risk-off mood, while the latest PMI data revealed that private sector growth rates in the Eurozone and the United Kingdom dropped drastically to 11-month lows. Travel and leisure equities, as well as tech stocks, each lost 5.2 percent.


Unilever, on the other hand, rose 7.3 percent following news that activist investor Nelson Peltz's hedge fund Trian Partners had increased its investment in the group. On the results front, Philips dropped 4.6 percent after reporting a drop in revenue and net profit for the fourth quarter of 2021 owing to supply chain issues and COVID-19-related issues.



U.S. Stock Market Indexes

  • S&P 500: +12.18 (+0.28%) to 4,410.12

  • Nasdaq: +86.21 (+0.63%) to 13,855.13

  • Dow Jones: +99.13 (+0.29%) to 34,364.50


European Stock Market Indexes

  • STOXX Europe 600: -18.08 point, or 3.81%, to close at 456.36

  • FTSE 100 in London: lost nearly 197 points, or 02.63%, to end at 7,927

  • DAX 30 in Germany: declined 592.75 points, or 3.80%, to close at 15,011

  • CAC 40 in France: slipped 280.8 points, or 3.97%, to 6,788

  • FTSE MIB 30 in Italy: the worst performer of the day, falling 1,088 points, or 4.02%, to close at 25,973

  • IBEX 35 in Spain: dropped 276.9 points, or 3.18%, to finish at 8,417


Other markets

  • Ten-year U.S. Treasury note: -1.2 bps to yield 1.7350%

  • Dollar index: +0.26 or 0.27% at 95.90 as at Jan 24, 2022 at 4:53 p.m. EST

  • VIX volatility index: +1.05 (3.64%) at 29.90 as at Jan 24, 3:15 PM CST


Oil prices

  • Brent crude -1.03 -1.21% at $ 84.11 per barrel as at Jan 24, 2022 at 4:56 p.m. EST

  • West Texas Intermediate: +0.81 or 0.97% at $ 84.12 per barrel as at Jan 24, 2022 9:55 p.m. GMT


Precious metals

  • Gold: +8.55 or +0.47% at $1,843.18 an ounce

  • Silver: -0.29 or -1.21% at $24.00 an ounce


Cryptocurrencies

  • Bitcoin: +496.60 (1.37%) at $ 36,774.60 as at Jan 24, 10:04 PM UTC

  • Ethereum: −94.37 (3.71%) at $ 2,446.82 as at Jan 24, 10:09 PM UTC



(Written and edited by: The Decision Maker)