Investor sentiment remained skittish amid inflation concernsUpdated time: 24 Jan, 2022, 14:20 (UTC+04:00)
Investor sentiment remained skittish amid inflation concerns, especially when major U.S indexes with continual ups and downs forced them to wait for further catalysts.
#S&P 500 closed just below the flatline
#DowJones and #Nasdaq dropped 0.04%
Utilities and consumer staples are the biggest advancers today, led by Tyson Foods (#TSN). For consumer discretionary stocks, despite adverse impacts on Tesla’s more than 1% drop from the partnership between Musk and Bernie, investors can expect a fairly bright outlook when several big retailers like Walmart, Lowe’s, Target, etc. report quarterly earnings this week.
#Energy shrugged lower oil prices amid the debate whether the U.S will release oil to curb the gas price. Kinder Morgan (#KMI), Phillips 66 (#PSX) and Chevron (#CVX) led the upside. #Boeing increased more than 5% on optimism, due to resumes in deliveries of 787 Dreamliner and China’s close to approving Boeing’s changes to 737 Max plane.