• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, June 13, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Friday market action for Dow, S&P and Nasdaq

by Ayush Bansal
February 5, 2022
in Business, Markets, News
Reading Time: 2 mins read
0
dow jones

Dow Jones futures dropped 0.4% vs. fair value, while S&P 500 futures lost 0.8%. | Source: Investopedia

TwitterWhatsappLinkedin

Dow Jones futures fell slightly Friday morning, S&P 500 futures rose modestly while Nasdaq futures jumped, with Amazon.com (AMZN) and Snap earnings in focus and the January jobs report on tap.

You might also like

Samsung Surpasses Apple in India-Assembled Smartphone Production

ED Raids 24 Locations in Rajasthan, Gujarat Over ₹2,700 Crore Nexa Evergreen Scam

FlexiLoans Raises ₹665 Crore in Six Months, Welcomes BII as New Investor

The S&P 500 and Nasdaq Composite jumped Friday to finish their best week of the year, as continued strength in earnings reports extended the tech-led rebound from the January rout.

Stock market closes down, Dow falls 107 points after inflation report |  KMMO - Marshall, MO
Image: KMMO

Dow Jones Futures

Dow Jones futures fell 0.4% vs. fair value. S&P 500 futures climbed a fraction. Nasdaq 100 futures rose 0.7%, far off Thursday night highs of nearly 2%. AMZN stock is a big S&P 500 and Nasdaq component.

The January jobs report will surely have a big impact on Dow futures and Treasury yields.

At the close in NYSE, the Dow Jones Industrial Average fell 0.06%, while the S&P 500 index added 0.52%, and the NASDAQ Composite index climbed 1.58%.

The biggest gainers of the session on the Dow Jones Industrial Average were Salesforce.com Inc (NYSE: CRM ), which rose 3.04% or 6.46 points to trade at 219.23 at the close. JPMorgan Chase & Co (NYSE: JPM ) added 2.60% or 3.86 points to end at 152.56 and Goldman Sachs Group Inc (NYSE: GS ) was up 2.43% or 8.72 points to 367.60 in late trade.

The 10-year Treasury yield jumped 6 basis points to 1.83%, not far from recent two-year highs. The Bank of England raised rates for a second straight month. Meanwhile, the European Central Bank said it would end asset purchases in March, with ECB President Christine Lagarde striking a hawkish tone in post-meeting comments, offering the first hints of possible rate hikes.

U.S. crude oil prices rose 2.3% to $90.27 a barrel, moving above $90 for the first time since 2014. Natural gas futures tumbled Thursday after a sharp gain Wednesday.

Other Stocks

Besides Meta, which fell 26.7%, Amazon was down 7.7% ahead of its earnings release set for after the close.

Meta late Wednesday had reported weaker-than-expected profits following a loss of one million daily users globally on its signature social media platform.

The dramatic sell-off is the latest to confront a big tech firm after a similar liquidation of Netflix shares last month. Other tech giants such as Apple and Google parent Alphabet have rallied after results.

All three major indices were decisively negative about 45 minutes before the close, threatening a four-day winning streak.

The sharp drop in Meta Platforms, as well as that of Netflix after its earnings last month. It could signal weakness under the surface and have bearish implications for the market, according to Adam Sarhan, CEO of 50 Park Investments.

“Some of the megacap tech stocks are trading almost like penny stocks. That is a massive shift under the surface from an overtly bullish market, to a market that could be topping and or the beginning of a bearish phase on Wall Street,” he said.
Tags: #ProSharesMarketNASDAQNewsshare
Tweet54SendShare15
Previous Post

SafePal: Everything you need to know

Next Post

BMW North America and Electrify America collaborate to provide free charging for BMW EV owners

Ayush Bansal

Recommended For You

Samsung Surpasses Apple in India-Assembled Smartphone Production

by Rounak Majumdar
June 12, 2025
0
Samsung Surpasses Apple in India-Assembled Smartphone Production

Samsung has emerged as the leading producer of India-assembled smartphones, outpacing Apple in both volume and local value addition, according to recent industry reports. This development highlights the...

Read more

ED Raids 24 Locations in Rajasthan, Gujarat Over ₹2,700 Crore Nexa Evergreen Scam

by Rounak Majumdar
June 12, 2025
0
ED Raids 24 Locations in Rajasthan, Gujarat Over ₹2,700 Crore Nexa Evergreen Scam

The Enforcement Directorate (ED) launched a massive crackdown on Thursday, raiding 24 locations across Rajasthan and Gujarat in connection with a ₹2,700 crore money laundering case linked to...

Read more

FlexiLoans Raises ₹665 Crore in Six Months, Welcomes BII as New Investor

by Ishaan Negi
June 12, 2025
0
FlexiLoans Raises ₹665 Crore in Six Months, Welcomes BII as New Investor

FlexiLoans, a leading digital lender focused on MSMEs, has raised ₹665 crore in six months, with British International Investment (BII) joining as a new investor. The fintech aims...

Read more
Next Post
BMW and Electrify America Collaborate to Provide Two Years Complimentary Charging

BMW North America and Electrify America collaborate to provide free charging for BMW EV owners

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?