U.S. Market Update - Monday, January 15th, 2024

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Wall Street Closes Friday Mixed, Eyes on Earning.

On Friday, Jan. 12th, major primary indices in the U.S. stock market closed with a mixed performance. 

The S&P 500 Index and the Nasdaq-100 Index ended the day with a minimal gain of +0.08% and +0.07%, respectively.

Major Indices & Other Assets

Index

Last Close

1-Day Change 

S&P 500  

4,783.84

+0.08%

Dow Jones 

37,592.99

-0.31%

Nasdaq-100 

16,832.92

+0.07%

U.S. 10-Year Treasury Yield*  

4.001%

+0.01%

Brent (Oil) Spot*

$77.99

-0.00%

Wheat CFD*

$596.35

-0.01%

Gold CFD*

$2,049.38

-0.00%

Bitcoin*

$42,626.72

-0.00%

*Bitcoin is a continuously traded asset without a defined closing time. US10YR , Brent, Wheat (futures), Gold (futures) also have different trading hours. The price displayed here represents their values as of 8:00 am (GMT+1) on Tuesday, January 15th.

*CFD stands for "Contracts for Difference." 

U.S. Top Gainers

U.S. stocks that increased the most in price in the last trading day.

Company

Ticker 

Last Close 

Daily Volume 

1-Day Change 

Uranium Energy Corp.

UEC

$7.77

29.245M

+12.12%%

Cameco Corp.

ACMR

$49.92

17.50M

+6.99%

ACM Research Inc - Class A

ACM Research Inc - Class A

$47.87

2.21M

+5.02%

Groupon Inc.

GRPN

$13.38

-

+4.78%

SentinelOne Inc - Class A

 S

$25.33

-

+4.24%

   

S&P 500's Top Gainers

S&P 500 stocks that increased the most in price in the last trading day.

Company

Ticker 

Last Close 

Daily Volume 

1-Day Change 

Cognizant Technology Solutions Corp.

CTSH

$77.97

6.35M

+4.13%

Bank of NY Mellon Corp.

BK

$481.08

8.42M

+4.02% 

Northrop Grumman Corp.

NOC

$481.08

701.36K

+2.94%

Valero Energy Corp.

VLO

$131.50

3.28M

+2.73%

Healthpeak Properties, Inc.

 PEAK

 $20.84

6.70M

+2.71% 

   

 

However, the Dow faced downward pressure, experiencing a decline of -0.31%, influenced by volatility introduced by earnings reports from some of its portfolio companies.

 

 

 

Within the Dow, UnitedHealth Group Inc. (UNH) stood out as the leading percentage loser, declining by over -3%. This drop was attributed to the healthcare giant reporting higher-than-expected medical costs in Q4.

 

On the S&P 500 Index, Delta Air Lines Inc (DAL) experienced a significant downturn of approximately -9%, ranking among the top percentage losers after issuing annual profit guidance below its long-term target.

 

 

 

On the flipside, Bank of New York Mellon (BK) saw a positive surge of more than +4% following encouraging Q4 results. Additionally, energy stocks, such as Valero Energy (VLO), gained traction as WTI crude reached a 2-week high.

 

As earnings season gains momentum this week, the spotlight is on results from banks and energy companies. Goldman Sachs (GS), Morgan Stanley (MS), PNC Financial (PNC), Charles Schwab (SCHW), U.S. Bancorp (USB), Kinder Morgan (KMI), and Schlumberger (SLB) are among the companies expected to release earnings updates this week.

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