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US Stocks Higher on The First Day of February, European Stocks Ended on a Bright Note.


London, Tuesday, 2 February 2022 -



US Markets summary


Investors digested forecasts of a more hawkish monetary policy from the Fed and followed the earnings season as US equities extended gains on the first trading day of February.


The Dow Jones climbed over 250 points, the S&P 500 gained 0.7 percent, and the Nasdaq Composite rose 0.7 percent.


On the corporate front, bank stocks are leading the way higher, with Goldman Sachs up 2% and JP Morgan up 1.5 percent. Big tech also performed well, with Netflix up nearly 6%, while Alphabet and GM are set to report today.


On the statistics front, the ISM Manufacturing PMI indicated that industrial activity slowed further in January, and JOLTS job openings topped market expectations.


European Markets summary


After a grim month of January that saw equities lose the most value since October 2020, European stocks ended the first session of February on a bright note, with the Stoxx 600 up 1.1 percent and the DAX up 1%.


Ahead of the ECB's monetary policy decision on Thursday, investors continued to monitor NATO-Russia tensions over Ukraine as well as a new batch of quarterly profits.


UBS shares soared more than 8% as quarterly profits exceeded expectations, and full-year earnings were the best since 2006.


In terms of data, retail sales in Germany unexpectedly fell 5.5 percent in December, while annual inflation in France accelerated to a faster-than-expected 2.9 percent in January.


Although there were some downward adjustments for Germany and the Euro Area, Markit PMIs continued to suggest to healthy manufacturing expansion.


U.S. Stock Market Indexes


S&P 500: +30.99 (0.69%) at 4,546.54 as on Feb 1, 5:02 PM EST

Nasdaq: +106.12 (+0.75%) to 14,346.00

Dow Jones: +272.00 (+0.77%) to 35,403.86


European Stock Market Indexes

  • STOXX Europe 600: +5.32 (1.13%) at 474.20 as on Feb 1, 6:00 PM GMT+1

  • FTSE 100 in London: +71.41 (0.96%) at 7,535.78 as on Feb 1, 4:35 PM GMT

  • DAX 30 in Germany: +148.19 (0.96%) at 15,619.39 as on Feb 1, 5:55 PM GMT+1

  • CAC 40 in France: +100.29 (1.43%) at 7,099.49 as on Feb 1, 6:05 PM GMT+1

  • FTSE MIB 30 in Italy: +410.84 (1.53%) at 27,224.89 as on Feb 1, 5:35 PM GMT+1

  • IBEX 35 in Spain: +113.90 (1.32%) at 8,726.70 as on Feb 1, 5:38 PM GMT+1



Other markets

  • Ten-year U.S. Treasury note: +1.8 bps to yield 1.8000%

  • Dollar index: -0.27 -0.28% at 96.27 as on Feb 1, 2022 at 5:13 p.m. EST

  • VIX volatility index: −2.87 (11.56%) at 21.96 as on Feb 1, 3:15 PM CST


Oil price

  • Brent crude: +0.24 or +0.27% at $89.40 per barrel as on Feb 1, 2022 10:14 p.m. GMT

  • West Texas Intermediate: +0.21 or + 0.24% at $88.36 as on Feb 1, 2022 4:59 p.m. EST


Precious metals

  • Gold: +3.08 or +0.17% at $1,800.99 an ounce

  • Silver: +0.15 or +0.69% at $22.64 an ounce


Cryptocurrencies

  • Bitcoin: +339.80 (0.88%) at $38,831.70 as on Feb 1, 10:25 PM UTC

  • Ethereum: +99.43 (3.70%) at $2,789.15 as on Feb 1, 10:29 PM UTC


(Written and edited by: The Decision Maker)