MARKET UPDATE: Five Items to Watch this Upcoming Week

By Staff Reporters

***

Markets: The stock market was closed for Martin Luther King Jr. Day. Maybe a day off is just what the market needs to score its first winning week of 2022. But … For many stocks, 2022 was a real bear of a year. More than 220 US-listed companies with a market cap of $10+ billion are down at least 20% from their peaks. And things are even worse in the tech-heavy NASDAQ, where 39% of companies have dropped at least half from their all-time highs.

Economy: A combo of Omicron disruptions, higher inflation, and shortages of everything has caused forecasters to lower their projections for economic growth this quarter. Analysts surveyed by the WSJ dropped their Q1 forecast to 3% annual growth from 4.2% back in October.

Banks and Bitcoin: Big Bank earnings underwhelm; retail sales fell; Bitcoin has significant outflows. https://www.msn.com/en-us/video/peopleandplaces/brn-sunday-big-bank-earnings-underwhelm-retail-sales-fell-bitcoin-has-significant-outflows/vi-AASPR74

China: World shares were mixed after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. And, Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined.

5 ITEMS TO WATCH: https://www.msn.com/en-us/money/markets/top-5-things-to-watch-in-markets-in-the-week-ahead/ar-AASPAb5?li=BBnb7Kz

COMMENTS APPRECIATED

Thank You

Subscribe to the Medical Executive-Post

***

***

One Response

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: