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  ·2022-01-29
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  Nasdaq Inches Higher with Apple Leading Way, Stocks Set to Close out Wild Week
  The market is set to wrap up a roller-coaster week with the S&P 500 headed for its worst month since
  Nasdaq Inches Higher with Apple Leading Way, Stocks Set to Close out Wild Week
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The S&amp;P 500 rose 0.2%. The Nasdaq Composite ticked up 0.5%, buoyed by Apple’s post-earnings gain.</p><p>Shares of Apple rose more than 3% in premarket trading after the company reported its largest single quarter in terms of revenue ever even amid supply challenges and the lingering effects of the pandemic. Apple beat analyst estimates for sales in every product category except iPads.</p><p>Chevron shares fell about 4% in early morning trading after missing Wall Street earnings expectations. Dow component Caterpillar dipped more than 3% in the premarket even after it topped profit estimates.</p><p>December’s core personal consumption expenditures price index, the Fed’s preferred inflation gauge, jumped 4.9% from the year prior, the Commerce Department reported Friday. The PCE jump is higher than economists expected and the hottest reading since September 1983. Along with the inflation numbers, personal income rose 0.3% for the month, a touch lower than the 0.4% estimate.</p><p>“It is reasonable to think that wage growth is unlikely to re-accelerate dramatically. In the meantime, this report eases the immediate pressure on the FOMC to act aggressively; the sighs of relief from Fed Towers should be audible on Wall Street,” Ian Sheperdson, chief economist at Pantheon Macroeconomics, said.</p><p>The major averages have experienced outsized swings each day this week — including the Dow making up a more than 1,000-point intraday deficit to close higher on Monday for the first time ever.</p><p>The Dow is 0.3% lower on the week. The S&amp;P 500 is down 1.6% week to date. Both indexes are headed for a fourth consecutive losing week. The Nasdaq Composite has dropped 3% this week, on track for its straight fifth negative week.</p><p>The S&amp;P 500 finished Thursday off 9.8% from its Jan. 3 record close. The Nasdaq is deep in correction territory, sitting 17.6% below its intraday high.</p><p>The Russell 2000, the small-cap benchmark, is in a bear market, down 20.9% from its record close.</p><p>With January ending Monday, the tech-heavy Nasdaq is headed for its worst month since October 2008 and worst first month of the year of all time. The S&amp;P 500 is on pace for its weakest month since March 2020 and weakest January of all time. The Dow could see its worst month since March 2020 and worst January since 2009.</p><p>The market’s fear gauge, the Cboe Volatility Index, shot up to its highest level since October 2020 earlier this week and has traded above 30.</p><p>Investors continued to digest the Federal Reserve’s pivot to tighter policy.</p><p>The Federal Open Market Committee indicated Wednesday that it likely soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary policy. Markets are now pricing in five quarter-percentage-point interest rate hikes in 2022, though the long-range expectation for rates is little changed.</p><p>“The FOMC meeting did not bring any surprises in terms of monetary policy, however, it may be perceived as more hawkish than expectations owing to Chair Powell’s suggestion of a need to enter a ‘steady’ phase of policy normalization,” Chris Hussey, a managing director at Goldman Sachs, said in a note.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Inches Higher with Apple Leading Way, Stocks Set to Close out Wild Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Inches Higher with Apple Leading Way, Stocks Set to Close out Wild Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-28 22:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The market is set to wrap up a roller-coaster week with the S&amp;P 500 headed for its worst month since March 2020.</p><p>The Dow Jones Industrial Average dipped 30 points. The S&amp;P 500 rose 0.2%. The Nasdaq Composite ticked up 0.5%, buoyed by Apple’s post-earnings gain.</p><p>Shares of Apple rose more than 3% in premarket trading after the company reported its largest single quarter in terms of revenue ever even amid supply challenges and the lingering effects of the pandemic. Apple beat analyst estimates for sales in every product category except iPads.</p><p>Chevron shares fell about 4% in early morning trading after missing Wall Street earnings expectations. Dow component Caterpillar dipped more than 3% in the premarket even after it topped profit estimates.</p><p>December’s core personal consumption expenditures price index, the Fed’s preferred inflation gauge, jumped 4.9% from the year prior, the Commerce Department reported Friday. The PCE jump is higher than economists expected and the hottest reading since September 1983. Along with the inflation numbers, personal income rose 0.3% for the month, a touch lower than the 0.4% estimate.</p><p>“It is reasonable to think that wage growth is unlikely to re-accelerate dramatically. In the meantime, this report eases the immediate pressure on the FOMC to act aggressively; the sighs of relief from Fed Towers should be audible on Wall Street,” Ian Sheperdson, chief economist at Pantheon Macroeconomics, said.</p><p>The major averages have experienced outsized swings each day this week — including the Dow making up a more than 1,000-point intraday deficit to close higher on Monday for the first time ever.</p><p>The Dow is 0.3% lower on the week. The S&amp;P 500 is down 1.6% week to date. Both indexes are headed for a fourth consecutive losing week. The Nasdaq Composite has dropped 3% this week, on track for its straight fifth negative week.</p><p>The S&amp;P 500 finished Thursday off 9.8% from its Jan. 3 record close. The Nasdaq is deep in correction territory, sitting 17.6% below its intraday high.</p><p>The Russell 2000, the small-cap benchmark, is in a bear market, down 20.9% from its record close.</p><p>With January ending Monday, the tech-heavy Nasdaq is headed for its worst month since October 2008 and worst first month of the year of all time. The S&amp;P 500 is on pace for its weakest month since March 2020 and weakest January of all time. The Dow could see its worst month since March 2020 and worst January since 2009.</p><p>The market’s fear gauge, the Cboe Volatility Index, shot up to its highest level since October 2020 earlier this week and has traded above 30.</p><p>Investors continued to digest the Federal Reserve’s pivot to tighter policy.</p><p>The Federal Open Market Committee indicated Wednesday that it likely soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary policy. Markets are now pricing in five quarter-percentage-point interest rate hikes in 2022, though the long-range expectation for rates is little changed.</p><p>“The FOMC meeting did not bring any surprises in terms of monetary policy, however, it may be perceived as more hawkish than expectations owing to Chair Powell’s suggestion of a need to enter a ‘steady’ phase of policy normalization,” Chris Hussey, a managing director at Goldman Sachs, said in a note.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/60ffa9c348f2ccdef831ec338d80994f","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170539142","content_text":"The market is set to wrap up a roller-coaster week with the S&P 500 headed for its worst month since March 2020.The Dow Jones Industrial Average dipped 30 points. The S&P 500 rose 0.2%. The Nasdaq Composite ticked up 0.5%, buoyed by Apple’s post-earnings gain.Shares of Apple rose more than 3% in premarket trading after the company reported its largest single quarter in terms of revenue ever even amid supply challenges and the lingering effects of the pandemic. Apple beat analyst estimates for sales in every product category except iPads.Chevron shares fell about 4% in early morning trading after missing Wall Street earnings expectations. Dow component Caterpillar dipped more than 3% in the premarket even after it topped profit estimates.December’s core personal consumption expenditures price index, the Fed’s preferred inflation gauge, jumped 4.9% from the year prior, the Commerce Department reported Friday. The PCE jump is higher than economists expected and the hottest reading since September 1983. Along with the inflation numbers, personal income rose 0.3% for the month, a touch lower than the 0.4% estimate.“It is reasonable to think that wage growth is unlikely to re-accelerate dramatically. In the meantime, this report eases the immediate pressure on the FOMC to act aggressively; the sighs of relief from Fed Towers should be audible on Wall Street,” Ian Sheperdson, chief economist at Pantheon Macroeconomics, said.The major averages have experienced outsized swings each day this week — including the Dow making up a more than 1,000-point intraday deficit to close higher on Monday for the first time ever.The Dow is 0.3% lower on the week. The S&P 500 is down 1.6% week to date. Both indexes are headed for a fourth consecutive losing week. The Nasdaq Composite has dropped 3% this week, on track for its straight fifth negative week.The S&P 500 finished Thursday off 9.8% from its Jan. 3 record close. The Nasdaq is deep in correction territory, sitting 17.6% below its intraday high.The Russell 2000, the small-cap benchmark, is in a bear market, down 20.9% from its record close.With January ending Monday, the tech-heavy Nasdaq is headed for its worst month since October 2008 and worst first month of the year of all time. The S&P 500 is on pace for its weakest month since March 2020 and weakest January of all time. The Dow could see its worst month since March 2020 and worst January since 2009.The market’s fear gauge, the Cboe Volatility Index, shot up to its highest level since October 2020 earlier this week and has traded above 30.Investors continued to digest the Federal Reserve’s pivot to tighter policy.The Federal Open Market Committee indicated Wednesday that it likely soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary policy. Markets are now pricing in five quarter-percentage-point interest rate hikes in 2022, though the long-range expectation for rates is little changed.“The FOMC meeting did not bring any surprises in terms of monetary policy, however, it may be perceived as more hawkish than expectations owing to Chair Powell’s suggestion of a need to enter a ‘steady’ phase of policy normalization,” Chris Hussey, a managing director at Goldman Sachs, said in a note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}