Monday, January 24, 2022

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    U.S. stocks may regain ground with early trading

    Following the sold-out seen in the previous session, stocks could return upwards in early Monday trading. Major index futures are currently market, The Dow futures are up 285 points.

    Bargain hunting may contribute to Wall Street’s early strength after the plunge seen last Friday lowered the key average to its lowest closing price in at least a month.

    Travel-related stocks can help guide early rebounds, despite prolonged concerns about new travel restrictions after new ones are detected. coronavirus Mutant.

    The new Covid variant, assigned the Greek letter Omicron, has been labeled by the World Health Organization as a “variant of concern”.

    WHO describes the global risk posed by the Omicron mutant as “very high” due to the high number of mutations that “may be associated with the potential for antigenic escape and higher infectivity”. Did.

    However, South African doctors who treated early cases of the new variant said BBC countries could “unnecessarily panic” and the symptoms she saw were “very mild.”

    The National Association of Real Estate Agents will release a pending home sales report in October shortly after the transaction begins. Pending home sales are expected to increase by 1.0%.

    A pending home sale is a home sale that has a contract but has not yet been signed. It usually takes 4 to 6 weeks to end the contract sale.

    After rising in the course of Wednesday’s session, stocks fell sharply during the post-holiday trading on Friday. The plunge on the day caused the major average to fall to its lowest closing price in at least a month.

    All major averages ended well below the day. The Dow fell 905.04 points (2.5%) to 34,899.34, the Nasdaq fell 353.57 points (2.2%) to 15,491.66, and the S & P500 fell 106.84 points (2.3%) to 4,594.63.

    In the week when the holidays were interrupted, the Nasdaq plunged 3.5% and the S & P 500 and Dow plunged 2.2% and 2.0%, respectively.

    In overseas trading, the stock market in the Asia-Pacific region fell sharply on Monday. Japan’s Nikkei 225 index fell 1.6%, while Hong Kong’s Hang Seng index fell 1%.

    Meanwhile, all major European markets moved upwards that day. Germany’s DAX index has risen 0.7%, while the UK’s FTSE100 index and France’s CAC40 index have both risen 1.3%.

    Commodity trading has soared from $ 4.23 to $ 72.38 a barrel after crude oil futures plunged from $ 10.24 to $ 68.15 a barrel last Friday. Meanwhile, gold futures have risen from $ 2.90 to $ 1,791 per ounce after rising from $ 1.20 to $ 1,788.10 per ounce in the previous session.

    In terms of currency, the US dollar is trading at 113.72 yen, compared to 113.38 yen acquired at the end of the New York Stock Exchange on Friday. The dollar is trading at $ 1.1267 against the euro, compared to $ 1.1317 last Friday.

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    U.S. stocks may regain ground with early trading

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