{"id":925,"date":"2023-02-15T17:47:21","date_gmt":"2023-02-15T22:47:21","guid":{"rendered":"https:\/\/embarrdowns.com\/dow-jones-drops-0-46-as-investors-await-inflation-and-retail-sales-data\/"},"modified":"2023-02-15T17:47:21","modified_gmt":"2023-02-15T22:47:21","slug":"dow-jones-drops-0-46-as-investors-await-inflation-and-retail-sales-data","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/dow-jones-drops-0-46-as-investors-await-inflation-and-retail-sales-data\/","title":{"rendered":"Dow Jones Drops -0.46% as Investors Await Inflation and Retail Sales Data"},"content":{"rendered":"

The stock market has been volatile in recent weeks as investors try to gauge the direction of the markets. On February 9, 2023 at 1:00 AM +00:00, the Dow Jones Industrial Average declined -0.46% and lost about -156.66 points, settling at the end of trading at 34,089.28.[0]<\/a><\/sup> This was a break from a two-session streak of gains, where on Monday the Dow was up 1.11%.[1]<\/a><\/sup> The S&P 500 rose 1.6% and the Nasdaq Composite jumped 3.3% last week.[2]<\/a><\/sup> The small-cap Russell 2000 index was up 3.9% over the same period.[3]<\/a><\/sup><\/p>\n

Inflation data is being heavily watched by the Federal Reserve as it prepares to meet next month.[4]<\/a><\/sup> The consensus is for an increase of 0.5% month-over-month and 6.2% year-over-year in January\u2019s Consumer Price Index (CPI). However, this figure ended up being higher than expected, coming in at 0.5% month-over-month and 6.4% year-over-year. Core CPI, which excludes fuel and energy prices, was higher than the predicted 0.4% and 5.5%, coming in at 0.4% and 5.6% respectively.[5]<\/a><\/sup><\/p>\n

On the economic front, the Commerce Department’s Retail Sales for January was published at 8:30 AM ET, with a consensus of 1.7% uptick from December\u2019s 1.1%.[4]<\/a><\/sup> The figure ended up being higher than expected, at 1.8%. Business Inventories for December were released at 10:00 AM ET, with a consensus of 0.3% increase from November\u2019s 0.4%.[6]<\/a><\/sup><\/p>\n

Stocks of companies such as Cisco Systems Inc (NASDAQ: CSCO), Airbnb Inc (NASDAQ: ABNB), Marriott International Inc (NASDAQ: MAR), and The Coca-Cola Company (NYSE: KO) will all be watched as they look to release their financial figures in the postmarket period. Cisco Systems Inc (NASDAQ: CSCO) is projected to announce a profit of $0.86 per share on revenue of $13.4B, Airbnb Inc (NASDAQ: ABNB) is expected to report earnings per share of 25 cents on revenue of $1.[7]<\/a><\/sup><\/p>\n

0. <\/span>“Dow futures tick lower, CPI in focus By Investing.com” Investing.com, 12 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-futures-tick-lower-cpi-in-focus-3001275<\/a><\/a><\/p>\n

1. <\/span>“Dow Jones Technical Analysis: The Index is Falling Due to Stubborn Resistance” DailyForex.com, 15 Feb. 2023, https:\/\/www.dailyforex.com\/forex-technical-analysis\/2023\/02\/dow-jones-technical-analysis\/191500<\/a><\/a><\/p>\n

2. <\/span>“Dow Jones Futures Fall: Stock Market Rally Signals It’s No Bear Run, But Don’t Get Complacent | Investor’s Business …” Investor’s Business Daily, 6 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-stock-market-rally-signals-its-not-a-bear-run-what-to-do-now\/<\/a><\/a><\/p>\n

3. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” Marketscreener.com, 13 Feb. 2023, https:\/\/www.marketscreener.com\/quote\/stock\/FIDELITY-NATIONAL-INFORMA-12027\/news\/Dow-Jumps-Over-300-Points-Dollar-Surges-in-Midday-Trading-42974955<\/a><\/a><\/p>\n

4. <\/span>“Retail sales, Cisco earnings, Shopify results: 3 things to watch” Yahoo! Voices, 14 Feb. 2023, https:\/\/www.yahoo.com\/now\/retail-sales-cisco-earnings-shopify-154646688.html<\/a><\/a><\/p>\n

5. <\/span>“5 things to know before the stock market opens Tuesday” CNBC, 14 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/14\/5-things-to-know-before-the-stock-market-opens-tuesday-february-14.html<\/a><\/a><\/p>\n

6. <\/span>“Wall Street Might Open Broadly In Negative Territory” RTTNews, 15 Feb. 2023, https:\/\/www.rttnews.com\/3344275\/wall-street-might-open-broadly-in-negative-territory.aspx<\/a><\/a><\/p>\n

7. <\/span>“Consumer prices, Coca-Cola, Travel earnings: 3 things to watch By Investing.com” Investing.com, 13 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/consumer-prices-cocacola-travel-earnings-3-things-to-watch-3002096<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The stock market has been volatile in recent weeks as investors try to gauge the direction of the markets. On February 9, 2023 at 1:00 AM +00:00, the Dow Jones Industrial Average declined -0.46% and lost about -156.66 points, settling at the end of trading at 34,089.28.[0]<\/a><\/sup> This was a break from a two-session streak of gains, where on Monday the Dow was up 1.11%.[1]<\/a><\/sup> The S&P 500 rose 1.6% and the Nasdaq Composite jumped 3.3% last week.[2]<\/a><\/sup> The small-cap Russell 2000 index was up 3.9% over the same period.[3]<\/a><\/sup><\/p>\n

Inflation data is being heavily watched by the Federal Reserve as it prepares to meet next month.[4]<\/a><\/sup> The consensus is for an increase of 0.5% month-over-month and 6.2% year-over-year in January\u2019s Consumer Price Index (CPI). However, this figure ended up being higher than expected, coming in at 0.5% month-over-month and 6.4% year-over-year. Core CPI, which excludes fuel and energy prices, was higher than the predicted 0.4% and 5.5%, coming in at 0.4% and 5.6% respectively.[5]<\/a><\/sup><\/p>\n

On the economic front, the Commerce Department’s Retail Sales for January was published at 8:30 AM ET, with a consensus of 1.7% uptick from December\u2019s 1.1%.[4]<\/a><\/sup> The figure ended up being higher than expected, at 1.8%. Business Inventories for December were released at 10:00 AM ET, with a consensus of 0.3% increase from November\u2019s 0.4%.[6]<\/a><\/sup><\/p>\n

Stocks of companies such as Cisco Systems Inc (NASDAQ: CSCO), Airbnb Inc (NASDAQ: ABNB), Marriott International Inc (NASDAQ: MAR), and The Coca-Cola Company (NYSE: KO) will all be watched as they look to release their financial figures in the postmarket period. Cisco Systems Inc (NASDAQ: CSCO) is projected to announce a profit of $0.86 per share on revenue of $13.4B, Airbnb Inc (NASDAQ: ABNB) is expected to report earnings per share of 25 cents on revenue of $1.[7]<\/a><\/sup><\/p>\n

0. <\/span>“Dow futures tick lower, CPI in focus By Investing.com” Investing.com, 12 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-futures-tick-lower-cpi-in-focus-3001275<\/a><\/a><\/p>\n

1. <\/span>“Dow Jones Technical Analysis: The Index is Falling Due to Stubborn Resistance” DailyForex.com, 15 Feb. 2023, https:\/\/www.dailyforex.com\/forex-technical-analysis\/2023\/02\/dow-jones-technical-analysis\/191500<\/a><\/a><\/p>\n

2. <\/span>“Dow Jones Futures Fall: Stock Market Rally Signals It’s No Bear Run, But Don’t Get Complacent | Investor’s Business …” Investor’s Business Daily, 6 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-stock-market-rally-signals-its-not-a-bear-run-what-to-do-now\/<\/a><\/a><\/p>\n

3. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” Marketscreener.com, 13 Feb. 2023, https:\/\/www.marketscreener.com\/quote\/stock\/FIDELITY-NATIONAL-INFORMA-12027\/news\/Dow-Jumps-Over-300-Points-Dollar-Surges-in-Midday-Trading-42974955<\/a><\/a><\/p>\n

4. <\/span>“Retail sales, Cisco earnings, Shopify results: 3 things to watch” Yahoo! Voices, 14 Feb. 2023, https:\/\/www.yahoo.com\/now\/retail-sales-cisco-earnings-shopify-154646688.html<\/a><\/a><\/p>\n

5. <\/span>“5 things to know before the stock market opens Tuesday” CNBC, 14 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/14\/5-things-to-know-before-the-stock-market-opens-tuesday-february-14.html<\/a><\/a><\/p>\n

6. <\/span>“Wall Street Might Open Broadly In Negative Territory” RTTNews, 15 Feb. 2023, https:\/\/www.rttnews.com\/3344275\/wall-street-might-open-broadly-in-negative-territory.aspx<\/a><\/a><\/p>\n

7. <\/span>“Consumer prices, Coca-Cola, Travel earnings: 3 things to watch By Investing.com” Investing.com, 13 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/consumer-prices-cocacola-travel-earnings-3-things-to-watch-3002096<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/925"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=925"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/924"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}