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US Stocks Closed The Week Higher on Positive Earnings Report on Friday, European Stocks Closed Lower


London, Friday, 4 February 2022 -



US Markets summary


Despite lingering concerns about interest rate hikes, US markets ended the day higher on Friday, thanks to robust earnings reports.


The US labour report indicated that the economy added 467K jobs in January, far more than the 150K expected by markets, bolstering the case for faster monetary policy tightening and sending bond yields higher.


Meanwhile, Amazon soared 15% on the back of solid quarterly profits and cloud revenue beats, while Snap soared 62% and Pinterest soared 11%.


The Nasdaq gained 1.6 percent and ended the week nearly 3% higher, while the S&P 500 gained 0.5 percent and the Dow Jones finished little changed after falling over 300 points at session lows.


European Markets summary


Investors began to expect central banks to tighten monetary policy quickly to manage inflation and cool a rapidly rising economy, and all major European bourses fell on Friday, with the benchmark DAX 30 finishing around the 15,000 level.


The Fed's commitment to tighten monetary policy was bolstered by a much better-than-expected US payroll report, which boosted US Treasuries rates to levels not seen since 2019.


By the end of the year, investors expect the ECB to raise its primary deposit rate to around zero. As a result, the DAX 30 lost over 1.5 percent this week, marking the fourth straight weekly loss.


U.S. Stock Market Indexes as at 4:01 p.m. ET

  • S&P 500: +23.17 (+0.52%) to 4,500.61

  • Nasdaq: +219.19 (+1.58%) to 14,098.01

  • Dow Jones: -22.01 (-0.06%) to 35,089.15


European Stock Market Indexes

  • STOXX Europe 600: −6.65 (1.42%) at 461.98 as on Feb 4, 5:30 PM GMT+1

  • FTSE 100 in London: −12.44 (0.17%) at 7,516.40 as on Feb 4, 4:35 PM GMT

  • DAX 30 in Germany: −268.91 (1.75%) at 15,099.56 as on Feb 4, 5:55 PM GMT+1

  • CAC 40 in France: −54.25 (0.77%) at 6,951.38 as on Feb 4, 6:05 PM GMT+1

  • FTSE MIB 30 in Italy: −485.37 (1.79%) at 26,603.59 as on Feb 4, 5:36 PM GMT+1

  • IBEX 35 in Spain: −100.10 (1.15%) at 8,589.30 as on Feb 4, 5:38 PM GMT+1


Other markets

  • Ten-year U.S. Treasury note: +10.3 bps to yield 1.9300% at 4:01 p.m. ET

  • Dollar index: +0.09 or + 0.10% at 95.47

  • VIX volatility index: −1.13 (4.64%) at 23.22


Oil prices

  • Brent crude: +1.65 or +1.83% at $91.92as on Feb 4, 2022 at 4:35 p.m. EST

  • West Texas Intermediate: +1.67 or + 1.85% at $91.94 as on Feb 4, 2022 at 4:36 p.m. EST


Precious metals

  • Gold: +2.21 or +0.12% at $1,807.79 an ounce as on Feb 4, 16:51 NY Time

  • Silver +0.07 or +0.31% at $22.49 an ounce as on Feb 4, 16:51 NY Time


Cryptocurrencies

  • Bitcoin: +3,344.20 (8.98%) at $ 40,585.70 as on Feb 4, 9:49 PM UTC

  • Ethereum: +251.16 (9.31%) at $ 2,948.47 as on Feb 4, 9:49 PM UTC



(Written and edited by: The Decision Maker)