SP500 and Nasdaq marked a slight recovery on Tuesday

Updated time: 24 Jan, 2022, 14:20 (UTC+04:00)

#SP500 and #Nasdaq marked a slight recovery on Tuesday after a strong hit in consumer discretionary stocks following a rally in retailers and U.S consumers’ still strong buying despite possible higher inflation. Retail sector gained spotlight today after reporting a rise of 1.7% last month above estimates.

#Home Depot - the largest home improvement retailer in the U.S, rallied more than 5% and helped the broader retail sector advance with higher prices.

Walmart reported better-than-expected 3rd quarter results.

Lowe’s and #Target stayed in green territory.

#Chip-stocks were on point. Qualcomm jumped more than 7% benefiting from the deal with BMW while Advanced Micro Devices Inc. also showed positive gains.

#Energy was expected to continue performing well in 2022 but Wall Street suggests investors taking profits soon.

#Tesla rose more than 4%

Shares of Lucid Group – an EV company rose nearly 24% after reporting more than 17,000 reservations.

#Bitcoin battled to keep the $60,000 level after an unclear slip. Some blamed it for the crackdown on China’s crypto miners.

#Fed expected to keep the inflation under control.

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