London, Friday, 21 January 2022 -
US Markets summary
On Friday, US stocks fell dramatically as investors awaited tighter monetary policy and disappointing earnings reporting from firms that skyrocketed during the outbreak. The Dow Jones fell 450 points, the S&P 500 fell 1.9 percent, and the tech-heavy Nasdaq Composite fell 2.7 percent.
Netflix was the biggest loser, plunging 23% as the company's membership outlook failed estimates owing to increased streaming competition, which also affected its competitors, with Disney+ streaming down 7%. Peloton shares, on the other hand, rose 10% after falling 23.9 percent the day before.
The Nasdaq Composite dropped 7.6% this week, its lowest level since October 2020. In addition, the Dow and the S&P 500 also lost 4.6 percent and 5.7 percent, respectively, for the third week in a row. The spotlight will remain on the Fed's monetary policy decision next week, as well as additional earnings reports from big tech companies, which investors fear will disappoint.
European Markets summary
On Friday, European equity markets closed in the negative, with the Frankfurt DAX and the Stoxx 600 losing roughly 2% each, pulled down by automakers and banks companies. Crude oil prices tumbled from seven-year highs, putting pressure on energy companies.
Siemens Gamesa, a producer of wind turbines, fell more than 10% after lowering its revenue projection for 2022, while its parent company, Siemens Energy, fell 16%.
In terms of economic data, retail sales in the United Kingdom fell 3.7 percent in December, the most since January of previous year, contrary to predictions of a 0.6 percent loss.
European stocks fell 1.5 percent this week as investors worried about the likelihood of tighter monetary policy around the world this year, as well as tensions between the US and Russia.
U.S. Stock Market Indexes
S&P 500: −84.79 (1.89%) at 4,397.94 as at Jan 21, 4:52 PM EST
Nasdaq: −385.10 (2.72%) at 13,768.92 as at Jan 21, 5:15 PM EST
Dow Jones: −450.02 (1.30%) at 34,265.37 as at Jan 21, 4:52 PM EST
European Stock Market Indexes
STOXX Europe 600: −8.91 (1.84%) at 474.44 as at Jan 21, 6:00 PM GMT+1
FTSE 100 in London: −90.88 (1.20%) at 7,494.13 as at Jan 21, 4:35 PM GMT
DAX 30 in Germany: −308.45 (1.94%) at 15,603.88 as at Jan 21, 5:55 PM GMT+1
CAC 40 in France: −125.57 (1.75%) at 7,068.59 as at Jan 21, 6:05 PM GMT+1
FTSE MIB 30 in Italy: −508.60 (1.84%) at 27,061.40 as at Jan 21, 5:35 PM GMT+1
IBEX 35 in Spain: −119.90 (1.36%) at 8,694.70 as at Jan 21, 5:38 PM GMT+1
Other markets
Ten-year U.S. Treasury note: -0.048 or 1.763% as at Jan 21, 2022 4:59 p.m. EST
Dollar index: -0.10 or -0.10% at 95.64 as at Jan 21, 2022 4:59 p.m. EST
VIX volatility index: +3.26 (12.74%) at 28.85 as at Jan 21, 3:15 PM CST
Oil prices
Brent crude: +0.01 or +0.01% at $ 87.90 per barrel as at Jan 21, 2022 10:59 p.m. GMT
West Texas Intermediate: -2.07 or -2.38% at $ 84.83 as at Jan 21, 2022 4:59 p.m. EST
Precious metals
Gold: -4.50 or -0.24% at $1,834.58 an ounce
Silver: -0.10 or -0.42% at $ 24.29 an ounce
Cryptocurrencies
Bitcoin: -2,005 or -5.46% at $34,685 as at Jan 22, 2022 at 11:03 a.m. EST
Ethereum: -249.90 or -9.56% at $ 2,363.40 as at Jan 22, 2022 at 11:05 a.m. EST
(Written and edited by: The Decision Maker)
