US STOCKS-Wall Street Rallies, Capping Frenetic Week with Best Day of the Year

Reuters2022-01-29

(Reuters) - Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an ...

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robot1234
2022-01-31
robot1234
President Joe Biden has insisted the US inflation is transitory since becoming President in Jan 2021 despite an alarmingly high inflation rate. Now, US inflation is at 7%, the highest in 40-year since 1982. Hence, basically everyone is expecting a meltdown in the US stock markets as they face a triple whammy of sky high inflation rate, unavoidable interest rate hikes and FED tapering to trim her $8 trillion balance sheet.
Xiaomiiiii
2022-01-30
Xiaomiiiii
Like please
Jess261
2022-01-30
Jess261
Okay
Wafu
2022-01-30
Wafu
Like please
Samuel123win
2022-01-30
Samuel123win
Wow
robot1234
2022-01-30
robot1234
US markets all down more than 5% last 3 weeks. In fact, Nasdaq in correction mode, down around 15%. US has been playing with fire claiming inflation is transitory for the last 2 years. Now the FED is far behind the curve and worse still, credibility is badly damaged. Nowadays, US politicians are good for currying favour instead of upholding principles and ethics

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Even with Friday's jump, the S&P 500 is down 7% so far in 2022, with the Nasdaq and the Dow suffering respective drops of 12% and 4.4% over the same time period.\"Investors are trying to adjust to the impact of this higher rate cycle,\" said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. \"For some of them, stocks still remain more attractive than bonds in a rising rate environment, and they have been fishing around for where a bottom might be.\"\"You're seeing bargain-hunting in a number of stocks, particularly in the Nasdaq,\" Meckler added.Economic data released on Friday showed a drop in consumer spending coupled with the lowest consumer sentiment reading in a decade, and year-on-year Core PCE prices - the Federal Reserve's preferred inflation yardstick - came in at 4.9%, slightly hotter than expected.The graphic below shows how far core PCE and other major indicators have risen above the Fed's average annual 2% target.The Fed made it clear at the conclusion of its monetary policy meeting on Wednesday that they intend to take off their gloves and combat stubbornly persistent inflation by hiking key interest rates more aggressively than many market participants expected.The Dow Jones Industrial Average rose 564.69 points, or 1.65%, to 34,725.47, the S&P 500 gained 105.34 points, or 2.43%, to 4,431.85 and the Nasdaq Composite added 417.79 points, or 3.13%, to 13,770.57.Among the 11 major sectors of the S&P 500, all but energy ended green. Tech stocks were the clear winners, gaining 4.3%, the biggest one-day jump for the sector since April 6, 2020.Fourth-quarter reporting season was firing on all cylinders, with 168 of the companies in the S&P 500 having reported. Of those, 77% have delivered consensus-beating results, according to Refinitiv data.But investors have been increasingly focused on guidance, and the extent to which companies expect ongoing global supply challenges to affect their bottom line going forward.\"As we move into 2022, and as Omicron peaks and the weather improves, I expect supply-chain pressures to ease,\" Said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. \"(They) will probably peak sometime this quarter, and ease throughout the year.\"Data storage equipment maker Western Digital cited supply-chain headwinds after it reported lower than expected revenue and provided a disappointing forecast, sending its shares sliding 7.3%.Caterpillar Inc fell 5.2% following the equipment maker's warning that higher production and labor costs will pressure its profit margin.Chevron Corp dropped 3.5% on downbeat fourth-quarter profit.However, Apple's 7.0% jump gave the S&P 500 and the Nasdaq their biggest boost, the day after the company posted  record iPhone sales in the holiday quarter.Visa Inc surged 10.6% following its quarterly earnings beat driven by increased spending on international travel and e-commerce.Advancing issues outnumbered declining ones on the NYSE by a 1.83-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers.The S&P 500 posted 5 new 52-week highs and 24 new lows; the Nasdaq Composite recorded 16 new highs and 753 new lows.Volume on U.S. exchanges was 12.80 billion shares, compared with the 12.10 billion average for the full session over the last 20 trading days.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9093851665,"gmtCreate":1643594280482,"gmtModify":1676533834240,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"President Joe Biden has insisted the US inflation is transitory since becoming President in Jan 2021 despite an alarmingly high inflation rate. Now, US inflation is at 7%, the highest in 40-year since 1982. Hence, basically everyone is expecting a meltdown in the US stock markets as they face a triple whammy of sky high inflation rate, unavoidable interest rate hikes and FED tapering to trim her $8 trillion balance sheet.","listText":"President Joe Biden has insisted the US inflation is transitory since becoming President in Jan 2021 despite an alarmingly high inflation rate. Now, US inflation is at 7%, the highest in 40-year since 1982. Hence, basically everyone is expecting a meltdown in the US stock markets as they face a triple whammy of sky high inflation rate, unavoidable interest rate hikes and FED tapering to trim her $8 trillion balance sheet.","text":"President Joe Biden has insisted the US inflation is transitory since becoming President in Jan 2021 despite an alarmingly high inflation rate. Now, US inflation is at 7%, the highest in 40-year since 1982. Hence, basically everyone is expecting a meltdown in the US stock markets as they face a triple whammy of sky high inflation rate, unavoidable interest rate hikes and FED tapering to trim her $8 trillion balance sheet.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093851665","repostId":2207811808,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9093955189,"gmtCreate":1643506004151,"gmtModify":1676533826354,"author":{"id":"3582755552600107","authorId":"3582755552600107","name":"Xiaomiiiii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582755552600107","authorIdStr":"3582755552600107"},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093955189","repostId":2207811808,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9093956174,"gmtCreate":1643505540795,"gmtModify":1676533826273,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093956174","repostId":2207811808,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9093987394,"gmtCreate":1643501590760,"gmtModify":1676533825609,"author":{"id":"3575505100092231","authorId":"3575505100092231","name":"Wafu","avatar":"https://static.tigerbbs.com/0fa81128865bb0701d14c8c5b8570921","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575505100092231","authorIdStr":"3575505100092231"},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093987394","repostId":2207811808,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9093980242,"gmtCreate":1643500339391,"gmtModify":1676533825389,"author":{"id":"4092554906611330","authorId":"4092554906611330","name":"Samuel123win","avatar":"https://static.tigerbbs.com/fb615bd9d23d3ee707625d59ccb06f5e","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":1,"crmLevelSwitch":0,"idStr":"4092554906611330","authorIdStr":"4092554906611330"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093980242","repostId":2207811808,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9093935752,"gmtCreate":1643497645270,"gmtModify":1676533824909,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"US markets all down more than 5% last 3 weeks. In fact, Nasdaq in correction mode, down around 15%. US has been playing with fire claiming inflation is transitory for the last 2 years. Now the FED is far behind the curve and worse still, credibility is badly damaged. Nowadays, US politicians are good for currying favour instead of upholding principles and ethics","listText":"US markets all down more than 5% last 3 weeks. In fact, Nasdaq in correction mode, down around 15%. US has been playing with fire claiming inflation is transitory for the last 2 years. Now the FED is far behind the curve and worse still, credibility is badly damaged. Nowadays, US politicians are good for currying favour instead of upholding principles and ethics","text":"US markets all down more than 5% last 3 weeks. In fact, Nasdaq in correction mode, down around 15%. US has been playing with fire claiming inflation is transitory for the last 2 years. Now the FED is far behind the curve and worse still, credibility is badly damaged. Nowadays, US politicians are good for currying favour instead of upholding principles and ethics","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093935752","repostId":2207811808,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1346,"commentSize":545,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2207811808"}