- The return of traders from a three-day holiday weekend appears to be setting up the US stock market for a muted start this morniNotablyarly, European markets have been very quiet, and equity futures have been under pressure in the early morning trading on our shores.
- Investors appear to be worried about the global economy's direction, inflation problems, rising interest rates, and corporate profitability.
Goldman's Earnings Move The Needle
- $GS misses profit estimates due to weaker dealmaking and asset management.
- After its Q4 earnings significantly underperformed the Wall Street expectation on Tuesday, the shares fell 2.1%. The business is concentrating on restructuring in the interim to strengthen its growth platforms and raise productivity.
- The Q4 GAAP EPS decreased from $8.25 in Q3 and $10.81 in the Q4 of 2021 to $3.32 in Q4 vs. $5.97 consensus.
Apple introduced M2 Pro and M2 Max
- Beginning today, customers can order the new laptops, which will be delivered on January 24. The 14-inch model starts at $1,999 (or $1,849 for education), and the 16-inch model starts at $2,499 (or $2,299 for education).
- The new MacBook Pro computers are available in 14- and 16-inch models. They have an 8K display, a Liquid Retina XDR display, a 1080p FaceTime HD camera, Wi-Fi 6E.3 capability, and more.
- Today's economic news will be somewhat calm. A specialrthy reports are, nevertheless, scheduled for tomorrow. In particular, the figures for December's retail sales will be examined. According to many analysts, this study will demonstrate that consumers are becoming more cautious due to the unstable economic climate.
- Undoubtedly, the business environment has worsened, leading many companies to announce job layoffs and budget cuts. Investors are now confused due to these actions and worries about a potential reces, so any clarification would be beneficial.
UK home prices increase
- According to Rightmove, house prices increased by 0.9% in January, the highest increase since 2020. In addition, prices rose 6.3% annually after falling for the previous two months.
- Following the release of Rightmove's house price data, shares of Taylor Wimpey and Barratt Developments increased. Barratt Developments gained 1.8%, and Taylor Wimpey gained 2.27%.
- After announcing a deal with Just Eat Takeaway to offer quick grocery delivery, Sainsbury's stock increased by 1.31%.
- $MSFT announced it would soon integrate ChatGPT, a well-liked AI chatbot from OpenAI, into its Azure cloud service. As Microsoft considers increasing its ownership of OpenAI, this enhances the already-existing relationship between the two parties.
- After cautious consumers reduced their purchasing, businesses are putting the brakes on price hikes because "They want to save money, and raising prices is not an option."
- The price must rise above $30,000 before traders can see a complete rebound, so they should exercise caution. Bitcoin has been greatly influenced by the FED's monetary policies and the lessening of recessionary concerns.