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US Stocks Ended Higher on Tuesday Led by Financials, Europe Finished Mixed.


London, Tuesday, 8 February 2022 -



US Markets summary


Major US stock indices finished the Monday day higher, led by financials and commodities stocks, as positive earnings reports offset concerns about the end of pandemic-era monetary stimulus.


The Dow rose 372 points, the S&P 500 rose 0.84 percent, and the Nasdaq Composite rose over 1.3 percent. The Dow Jones was boosted by more than 1% gains from American Express and JPMorgan.


Harley-Davidson gained 8% after reporting an unexpected profit for the fourth quarter, while Amgen and Chegg gained 7% and 16%, respectively, on impressive quarterly updates.


Last week, stocks were volatile after Meta Platforms' (FB) poor guidance led the firm crashing in the worst single-day wipeout in market history, pushing other tech peers down in a larger sell-off before making a swift return following Amazon's (AMZN) earnings beat (AMZN).


This week, investors can expect more results from firms including Disney (DIS), Uber (UBER), and Coca-Cola.


European Markets summary


On Tuesday, European equity markets finished mixed, with the DAX up 0.2 percent, the Stoxx600 flat, and the FTSE 100 down 0.2 percent, as investors balanced optimistic earnings against US inflation data later in the week for more indications on the Federal Reserve's future moves.


BNP Paribas posted a higher-than-anticipated net profit in Q4 2021, with a net income of €9.49 billion, compared to €8.92 billion projected. Furthermore, BP reported its highest profit in eight years, TUI said summer travel bookings were steadily nearing pre-COVID levels, and AMS outperformed sales and margin expectations.


Meanwhile, Softbank said that its $66 billion deal to sell ARM to Nvidia had fallen through due to regulatory issues. Investors also applauded ECB Lagard's remarks that there is no need for significant monetary policy tightening in the Eurozone because inflation is expected to decline and stabilize around 2%.


U.S. Stock Market Indexes as at 4:00 p.m. ET

  • S&P 500: +37.61 (+0.84%) to 4,521.48

  • Nasdaq: +178.79 (+1.28%) to 14,194.46

  • Dow Jones: +372.24 (+1.06%) to 35,463.37


European Stock Market Indexes

  • STOXX Europe 600: +0.060 (0.013%) to 465.34 as on Feb 8, 5:50 PM GMT+1

  • FTSE 100 in London: −6.40 (0.085%) to 7,567.07 as on Feb 8, 4:35 PM GMT

  • DAX 30 in Germany: +35.74 (0.24%) to 15,242.38 as on Feb 8, 5:55 PM GMT+1

  • CAC 40 in France: +19.16 (0.27%) to 7,028.41 as on Feb 8, 6:05 PM GMT+1

  • FTSE MIB 30 in Italy: +82.80 (0.31%) to 26,411.73 as on Feb 8, 5:35 PM GMT+1

  • IBEX 35 in Spain: +116.20 (1.36%) to 8,674.60 as on Feb 8, 5:38 PM GMT+1


Other markets

  • Ten-year U.S. Treasury note: +3.8 bps to yield 1.9540% as at 4:00 p.m. ET

  • Dollar index: 0.21 0.22% at 95.61 as on Feb 8, 2022 at 4:44 p.m. EST

  • VIX volatility index: −1.42 (6.21%) at 21.44 as on Feb 8, 3:15 PM CST


Oil prices

  • Brent crude: +0.47 or +0.52% at $ 91.28 as on Feb 8, 2022 at 9:47 p.m. GMT

  • West Texas Intermediate: -1.47 -1.61% at $ 89.85 as on Feb 8, 2022 at 4:47 p.m. EST


Precious metals

  • Gold: +18.11 or +1.00% at $ 1,826.10 as on Feb 8, 16:58 NY Time

  • Silver +0.68 or +3.00% at $ 23.19 as on Feb 8, 16:58 NY Time


Cryptocurrencies

  • Bitcoin: +352.00 (0.80%) at $ 44,227.00 as on Feb 8, 10:00 PM UTC

  • Ethereum: −24.71 (0.79%) at $ 3,117.18 as on Feb 8, 10:00 PM UTC


(Written and edited by: The Decision Maker)