Market Report for Feb 03 2022
S&P 500 = Mixed
Nasdaq Composite = Mixed
Dow Jones Industrial Average -2.0% YTD
S&P 500 -3.7% YTD
Nasdaq Composite -7.9% YTD
Russell 2000 -9.6% YTD
NYSE Vol: 985 mln (Below)
Nasdaq Vol: 4.5 bln (Above)
A bullish session overall with the S&P 500 and Nasdaq 100 climbing to 1 – 1.5 week highs and Dow Jones Industrial Average managing a 2.5 week high.
Tech had a rally mainly due to GOOGL having an outstanding quarter which it reported on Tuesday evening. On Wednesday evening FB reported and was seen -20% post-market after its announcement taking price to the 200-day line.
We have many more stocks that have their earnings due out so we should expect to see more disruption near-term.
We are buying into this market but as mentioned before, cautiously.
Let’s go trade!