{"id":968,"date":"2023-02-16T07:18:33","date_gmt":"2023-02-16T12:18:33","guid":{"rendered":"https:\/\/embarrdowns.com\/january-markets-dow-sp-500-and-nasdaq-post-gains-bitcoin-futures-rally-8-cpi-6-4-y-y\/"},"modified":"2023-02-16T07:18:34","modified_gmt":"2023-02-16T12:18:34","slug":"january-markets-dow-sp-500-and-nasdaq-post-gains-bitcoin-futures-rally-8-cpi-6-4-y-y","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/january-markets-dow-sp-500-and-nasdaq-post-gains-bitcoin-futures-rally-8-cpi-6-4-y-y\/","title":{"rendered":"January Markets: Dow, S&P 500 and Nasdaq Post Gains, Bitcoin Futures Rally 8%, CPI 6.4% Y\/Y"},"content":{"rendered":"

On Wednesday, the Dow Jones Industrial Average closed higher by around 39 points to 34,128.05.[0]<\/a><\/sup> The S&P 500 rose 0.28% to 4,147.60, while the Nasdaq Composite climbed 0.92% to 12,070.59 during the session.[0]<\/a><\/sup> The Russell 2000, which focuses on small-cap stocks, increased by 20 points (1.1%) to 1,[1]<\/a><\/sup> US investors’ sentiment saw a slight improvement, as demonstrated by the CNN Money Fear and Greed index.[0]<\/a><\/sup><\/p>\n

Bitcoin futures rallied 8% to $24,125, while the yield on the benchmark 10-year Treasury note rose 3 basis points to 3.68%.[2]<\/a><\/sup> Retail sales last month increased by 3%, surpassing the expectation of economists for a 1.8% rise.[3]<\/a><\/sup><\/p>\n

Roblox (RBLX) experienced a surge in activity among stocks after they revealed their bookings data for Q4 had vastly exceeded expectations.[3]<\/a><\/sup> Meanwhile, Airbnb (ABNB) jumped 13.4% after the company reported better-than-expected Q4 sales and earnings and its first annual profit.[4]<\/a><\/sup><\/p>\n

Devon Energy (DVN), an oil and natural gas producer, experienced a 10.5% decrease in its share price in high[5]<\/a><\/sup> Q4 adjusted earnings per share and sales figures were reported as being worse than anticipated by the company.[5]<\/a><\/sup> Today, the S&P 500’s largest decline in stock was seen.[6]<\/a><\/sup><\/p>\n

The 11 S&P sectors saw nine increase, with Communication Services and Consumer Discretionary increasing by more than 1%.[7]<\/a><\/sup> A 1.8% decrease in Energy was recorded, and Health Care experienced a slight decrease.[8]<\/a><\/sup><\/p>\n

On the earnings front, US Foods Holding Corp. (NYSE: USFD), Applied Materials, Inc. (NASDAQ: AMAT) and The Southern Company (NYSE: SO) reported results.[0]<\/a><\/sup> In the last 24 hours, Bitcoin has seen a 8.5% gain, bringing it to a value of US$24,[9]<\/a><\/sup> It is anticipated that consumer prices will rise on a monthly basis in January, though it is predicted that the yearly rate of growth will decrease to 6.2 percent from 6.5 percent in December.<\/p>\n

The Consumer Price Index (CPI) for the month of January was 6.4% higher than predicted on a year-over-year basis, while the monthly increase of 0.5% was in accordance with expectations.The core index, not including food and energy components, increased by 0.4% from the previous month, in line with what analysts were predicting.[1]<\/a><\/sup> Core inflation increased by 5.[1]<\/a><\/sup><\/p>\n

0. <\/span>“Investor Optimism Improves Further Following Retail Sales Report By Benzinga” Investing.com UK, 16 Feb. 2023, https:\/\/uk.investing.com\/news\/stock-market-news\/investor-optimism-improves-further-following-retail-sales-report-2917103<\/a><\/a><\/p>\n

1. <\/span>“S&P 500, Dow turn positive on retail sales, CPI data fallout; Nasdaq enjoys third-straight winning day” Proactive Investors USA, 15 Feb. 2023, https:\/\/www.proactiveinvestors.com\/companies\/news\/1006250\/s-p-500-dow-turn-positive-on-retail-sales-cpi-data-fallout-nasdaq-enjoys-third-straight-winning-day-1006250.html<\/a><\/a><\/p>\n

2. <\/span>“Dow Rockets 250+, Clawing Back Some of its Declines” InvestorsObserver, 13 Feb. 2023, https:\/\/www.investorsobserver.com\/news\/qm-news\/8244349936548762<\/a><\/a><\/p>\n

3. <\/span>“S&P 500 cuts losses as easing Treasury yields lift tech By Investing.com” Investing.com, 15 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-500-cuts-losses-as-easing-treasury-yields-lift-tech-3004549<\/a><\/a><\/p>\n

4. <\/span>“Investor Optimism Improves Further Following Retail Sales Report – Applied Mat (NASDAQ:AMAT), Airbnb (NAS” Benzinga, 16 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30937600\/investor-optimism-improves-further-following-retail-sales-report<\/a><\/a><\/p>\n

5. <\/span>“Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/the-stock-market-climbs-out-of-morning-hole-stock-soars\/<\/a><\/a><\/p>\n

6. <\/span>“Stock Market Closed Mixed; Nasdaq Broke Its Winning Streak” Investor’s Business Daily, 10 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/stock-market-on-track-for-a-down-week-medical-device-stock-shines<\/a><\/a><\/p>\n

7. <\/span>“Strong retail sales buoy Wall Street with tech leading gains. Crypto pops” CMC Markets, 15 Feb. 2023, https:\/\/www.cmcmarkets.com\/en\/news-and-analysis\/strong-retail-sales-buoy-wall-street-with-tech-leading-gains-crypto-pops<\/a><\/a><\/p>\n

8. <\/span>“Dow, Nasdaq, S&P 500 overcome lingering Fed fears to end choppy session higher” Seeking Alpha, 15 Feb. 2023, https:\/\/seekingalpha.com\/news\/3936612-dow-nasdaq-sp-500-end-higher-despite-choppy-trading-as-fed-fears-linger<\/a><\/a><\/p>\n

9. <\/span>“Market Highlights: Big rally in US travel stocks, Bitcoin; and 5 ASX small caps to watch on Thursday” Stockhead, 15 Feb. 2023, https:\/\/stockhead.com.au\/news\/market-highlights-big-rally-in-us-travel-stocks-bitcoin-and-5-asx-small-caps-to-watch-on-thursday\/<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, the Dow Jones Industrial Average closed higher by around 39 points to 34,128.05.[0]<\/a><\/sup> The S&P 500 rose 0.28% to 4,147.60, while the Nasdaq Composite climbed 0.92% to 12,070.59 during the session.[0]<\/a><\/sup> The Russell 2000, which focuses on small-cap stocks, increased by 20 points (1.1%) to 1,[1]<\/a><\/sup> US investors’ sentiment saw a slight improvement, as demonstrated by the CNN Money Fear and Greed index.[0]<\/a><\/sup><\/p>\n

Bitcoin futures rallied 8% to $24,125, while the yield on the benchmark 10-year Treasury note rose 3 basis points to 3.68%.[2]<\/a><\/sup> Retail sales last month increased by 3%, surpassing the expectation of economists for a 1.8% rise.[3]<\/a><\/sup><\/p>\n

Roblox (RBLX) experienced a surge in activity among stocks after they revealed their bookings data for Q4 had vastly exceeded expectations.[3]<\/a><\/sup> Meanwhile, Airbnb (ABNB) jumped 13.4% after the company reported better-than-expected Q4 sales and earnings and its first annual profit.[4]<\/a><\/sup><\/p>\n

Devon Energy (DVN), an oil and natural gas producer, experienced a 10.5% decrease in its share price in high[5]<\/a><\/sup> Q4 adjusted earnings per share and sales figures were reported as being worse than anticipated by the company.[5]<\/a><\/sup> Today, the S&P 500’s largest decline in stock was seen.[6]<\/a><\/sup><\/p>\n

The 11 S&P sectors saw nine increase, with Communication Services and Consumer Discretionary increasing by more than 1%.[7]<\/a><\/sup> A 1.8% decrease in Energy was recorded, and Health Care experienced a slight decrease.[8]<\/a><\/sup><\/p>\n

On the earnings front, US Foods Holding Corp. (NYSE: USFD), Applied Materials, Inc. (NASDAQ: AMAT) and The Southern Company (NYSE: SO) reported results.[0]<\/a><\/sup> In the last 24 hours, Bitcoin has seen a 8.5% gain, bringing it to a value of US$24,[9]<\/a><\/sup> It is anticipated that consumer prices will rise on a monthly basis in January, though it is predicted that the yearly rate of growth will decrease to 6.2 percent from 6.5 percent in December.<\/p>\n

The Consumer Price Index (CPI) for the month of January was 6.4% higher than predicted on a year-over-year basis, while the monthly increase of 0.5% was in accordance with expectations.The core index, not including food and energy components, increased by 0.4% from the previous month, in line with what analysts were predicting.[1]<\/a><\/sup> Core inflation increased by 5.[1]<\/a><\/sup><\/p>\n

0. <\/span>“Investor Optimism Improves Further Following Retail Sales Report By Benzinga” Investing.com UK, 16 Feb. 2023, https:\/\/uk.investing.com\/news\/stock-market-news\/investor-optimism-improves-further-following-retail-sales-report-2917103<\/a><\/a><\/p>\n

1. <\/span>“S&P 500, Dow turn positive on retail sales, CPI data fallout; Nasdaq enjoys third-straight winning day” Proactive Investors USA, 15 Feb. 2023, https:\/\/www.proactiveinvestors.com\/companies\/news\/1006250\/s-p-500-dow-turn-positive-on-retail-sales-cpi-data-fallout-nasdaq-enjoys-third-straight-winning-day-1006250.html<\/a><\/a><\/p>\n

2. <\/span>“Dow Rockets 250+, Clawing Back Some of its Declines” InvestorsObserver, 13 Feb. 2023, https:\/\/www.investorsobserver.com\/news\/qm-news\/8244349936548762<\/a><\/a><\/p>\n

3. <\/span>“S&P 500 cuts losses as easing Treasury yields lift tech By Investing.com” Investing.com, 15 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-500-cuts-losses-as-easing-treasury-yields-lift-tech-3004549<\/a><\/a><\/p>\n

4. <\/span>“Investor Optimism Improves Further Following Retail Sales Report – Applied Mat (NASDAQ:AMAT), Airbnb (NAS” Benzinga, 16 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30937600\/investor-optimism-improves-further-following-retail-sales-report<\/a><\/a><\/p>\n

5. <\/span>“Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/the-stock-market-climbs-out-of-morning-hole-stock-soars\/<\/a><\/a><\/p>\n

6. <\/span>“Stock Market Closed Mixed; Nasdaq Broke Its Winning Streak” Investor’s Business Daily, 10 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/stock-market-on-track-for-a-down-week-medical-device-stock-shines<\/a><\/a><\/p>\n

7. <\/span>“Strong retail sales buoy Wall Street with tech leading gains. Crypto pops” CMC Markets, 15 Feb. 2023, https:\/\/www.cmcmarkets.com\/en\/news-and-analysis\/strong-retail-sales-buoy-wall-street-with-tech-leading-gains-crypto-pops<\/a><\/a><\/p>\n

8. <\/span>“Dow, Nasdaq, S&P 500 overcome lingering Fed fears to end choppy session higher” Seeking Alpha, 15 Feb. 2023, https:\/\/seekingalpha.com\/news\/3936612-dow-nasdaq-sp-500-end-higher-despite-choppy-trading-as-fed-fears-linger<\/a><\/a><\/p>\n

9. <\/span>“Market Highlights: Big rally in US travel stocks, Bitcoin; and 5 ASX small caps to watch on Thursday” Stockhead, 15 Feb. 2023, https:\/\/stockhead.com.au\/news\/market-highlights-big-rally-in-us-travel-stocks-bitcoin-and-5-asx-small-caps-to-watch-on-thursday\/<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":967,"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\/968"}],"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=968"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/967"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}