The major US stock indices are ending the day with mixed results. The Dow was lower on the day and although both the S&P and Nasdaq closed higher, it was only by modest changes. Nevertheless, the Nasdaq is now up 6 consecutive days after starting the New Year on the back foot by moving sharply lower. The last two days, however, have only risen by about 0.02%
The final numbers are showing:
- Dow Industrial Average is down -118.06 points or -0.31% at 37592.99
- S&P is closing up 3.61 points or 0.08% at 4783.84
- Nasdaq is closing up 2.56 points or 0.02% at 14972.75.
For the trading week, the major indices are ending with gains after declines last week that snapped 9-week gains for the S&P and the Nasdaq indices:
- Dow Industrial Average rose 0.34%. Last week the index fell -0.59%.
- S&P index rose 1.84%. Last week the index fell -1.52%.
- NASDAQ index rose 3.09%. Last week the index tumbled -3.25%.
A negative – at least technically – is that the S&P index moved above is all-time high closing level both yesterday and today, only to close below that level on each of the days. The high closing level is at 4796.57. The high price today reads 4802.40.. The high price yesterday reached 4798.50.
The earning season got underway with JPMorgan, Citi, Wells Fargo announcing.
Next week, other financial institutions are scheduled to release including
- Tuesday: Morgan Stanley, PNC, Goldman Sachs
- Wednesday Citizens Financial Group, U.S. Bancorp, Discover
- Thursday: Key Bank, M&T Bank, Truist, Northern Trust
- Friday: State Street, Comerica, Ally
Thinking about other earnings releases going forward? Below is a summary of the earnings calendar for some of the major companies:
- January 23: Netflix, 3M, Intuitive Surgical, Verizon, Johnson & Johnson, P&G
- January 24: Tesla, IBM, servicenow
- January 25: Intel, Southwest Airlines, Northrop Grumman
- January 26, Caterpillar, American Express
- January 30: AMD, Pfizer, GM, UPS, Stryker
- January 31: Microsoft, MasterCard, Boeing, Phillips 66, Boston Scientific
- February 1: Apple, Meta, Alphabet, Merck, Honeywell, Amazon
- February 2: Chevron, Exxon
- February 5: McDonald’s
- February 6: Ford, Chipotle
- February 7: Walt Disney, PayPal, McKesson
- February 8: ConocoPhillips
- February 9 PepsiCo
Thank you for your support. Wishing all a happy and healthy weekend.