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Wall St mixed ahead of Fed minutes; tech stocks falter

Wednesday, January 5, 2022
Wall St mixed ahead of Fed minutes; tech stocks falter © Reuters. FILE PHOTO: The Wall St. sign is seen outside the New York Stock Exchange (NYSE) in New York, U.S., December 17, 2019. REUTERS/Brendan McDermid

By Devik Jain and Shreyashi Sanyal

(Reuters) - Wall Street's main indexes were mixed on Wednesday ahead of minutes from the Federal Reserve's December meeting, as investors swapped technology stocks for cyclicals that stand to benefit from a high interest rate environment.

Seven of the 11 major S&P sectors advanced in early trading with value-oriented energy, financials and materials shares leading the pack.

Tech titans Apple Inc (NASDAQ:AAPL) Google-owner Alphabet (NASDAQ:GOOGL) Inc, Amazon.com (NASDAQ:AMZN), Meta Platforms and Microsoft Corp (NASDAQ:MSFT) fell between 0.4% and 1.2% to weigh the most on the S&P 500 and the Nasdaq indexes.

Interest-rate sensitive growth shares were also under pressure from a recent rise in U.S. Treasury yields, sparked by growing angst towards the prospect of interest rate hikes by the Fed to curb inflation. [US/]

The U.S. central bank said last month it would end its pandemic-era bond buying in 2022, signaling at least three interest rate hikes for the year. Minutes from the meeting are due at 1400 ET/1900 GMT.

"With interest rates expected to rise this year, there is a likelihood that tech stocks could end up feeling some more pressure," said Sam Stovall, chief investment strategist at CFRA Research in New York.

"Investors would continue to rotate away from the growth categories and move more towards the value side of the equation."

Salesforce.com Inc (NYSE:CRM) dropped 5.3% after UBS lowered its rating on the stock to "neutral" from "buy".

At 10:14 a.m. ET, the Dow Jones Industrial Average was up 21.33 points, or 0.06%, at 36,820.98, the S&P 500 was down 5.97 points, or 0.12%, at 4,787.57, and the Nasdaq Composite was down 85.91 points, or 0.55%, at 15,536.81.

The ADP National Employment report showed private payrolls increased by 807,000 jobs last month, more than double of what economists polled by Reuters had forecast.

The report comes ahead of the Labor Department's more comprehensive and closely watched employment data for December on Friday.

Peloton Interactive (NASDAQ:PTON) fell 0.5% after J.P. Morgan cut its price target on the fitness firm's stock on expectations of softer demand.

AT&T Inc (NYSE:T) rose 2.5% after the U.S. telecom company added 880,000 monthly paying phone subscribers in the fourth quarter.

Beyond Meat (NASDAQ:BYND) jumped 4.6% after Yum Brands' KFC said it would start selling plant-based fried "chicken" from the vegan meat maker across the United States for a limited time.

Meanwhile, Citigroup (NYSE:C) analysts said they now expect the S&P 500 index to touch 5,100 by the end of 2022 on the back of strong corporate earnings.

Advancing issues outnumbered decliners by a 1.51-to-1 ratio on the NYSE and by a 1.04-to-1 ratio on the Nasdaq.

The S&P index recorded 45 new 52-week highs and no new low, while the Nasdaq recorded 50 new highs and 64 new lows.

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18-01-2022 11:10:49 (UTC+7)

EUR/USD

1.1341

-0.0066 (-0.58%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

EUR/USD

1.1341

-0.0066 (-0.58%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

GBP/USD

1.3581

-0.0064 (-0.47%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (5)

USD/JPY

114.57

-0.04 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

AUD/USD

0.7186

-0.0024 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2529

+0.0009 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

EUR/JPY

129.93

-0.79 (-0.60%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

EUR/CHF

1.0397

-0.0027 (-0.26%)

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↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (9)

Gold Futures

1,815.85

-0.65 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

Silver Futures

23.567

+0.649 (+2.83%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Copper Futures

4.4115

-0.0090 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Crude Oil WTI Futures

84.47

+1.17 (+1.40%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

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Brent Oil Futures

87.16

+0.68 (+0.79%)

Summary

↑ Sell

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Indicators:

Buy (2)

Sell (5)

Natural Gas Futures

4.353

+0.091 (+2.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Coffee C Futures

239.40

-0.25 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Euro Stoxx 50

4,262.95

-39.19 (-0.91%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

S&P 500

4,586.80

-76.05 (-1.63%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

DAX

15,795.42

-138.30 (-0.87%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,570.23

-41.00 (-0.54%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (6)

Hang Seng

24,112.78

-105.25 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,111.40

-50.15 (-2.32%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

IBEX 35

8,784.59

-54.11 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

BASF SE NA O.N.

67.975

-0.165 (-0.24%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

Bayer AG NA

51.94

-0.88 (-1.67%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Allianz SE VNA O.N.

225.88

-1.17 (-0.52%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (2)

Adidas AG

255.57

+2.92 (+1.16%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

Deutsche Lufthansa AG

7.147

-0.094 (-1.30%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

142.91

-3.09 (-2.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Deutsche Bank AG

11.924

-0.094 (-0.78%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

 EUR/USD1.1341↑ Sell
 GBP/USD1.3581Sell
 USD/JPY114.57↑ Sell
 AUD/USD0.7186↑ Sell
 USD/CAD1.2529↑ Buy
 EUR/JPY129.93↑ Sell
 EUR/CHF1.0397↑ Sell
 Gold1,815.85↑ Sell
 Silver23.567Sell
 Copper4.4115↑ Sell
 Crude Oil WTI84.47Neutral
 Brent Oil87.16↑ Sell
 Natural Gas4.353↑ Buy
 US Coffee C239.40↑ Buy
 Euro Stoxx 504,262.95↑ Sell
 S&P 5004,586.80↑ Sell
 DAX15,795.42↑ Sell
 FTSE 1007,570.23↑ Sell
 Hang Seng24,112.78↑ Buy
 Small Cap 20002,111.40↑ Sell
 IBEX 358,784.59↑ Buy
 BASF67.975↑ Buy
 Bayer51.94↑ Buy
 Allianz225.88↑ Buy
 Adidas255.57↑ Sell
 Lufthansa7.147↑ Buy
 Siemens AG142.91↑ Buy
 Deutsche Bank AG11.924↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
(-5/ -5) # 1,167
SJC HCM6,110/ 6,170
(0/ 0) # 1,183
SJC Hanoi6,110/ 6,172
(0/ 0) # 1,185
SJC Danang6,110/ 6,172
(0/ 0) # 1,185
SJC Nhatrang6,110/ 6,172
(0/ 0) # 1,185
SJC Cantho6,110/ 6,172
(0/ 0) # 1,185
Cập nhật 18-01-2022 11:10:52
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ↀ Giá vàng thế giới
$1,818.79-0.54-0.03%
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ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$84.45-0.8-0.96%
Brent$86.70-0.61-0.70%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.560,0022.870,00
EUR25.241,6226.656,50
GBP30.202,2531.491,85
JPY191,95203,20
KRW16,5120,11
Cập nhật lúc 18:54:36 18/01/2022
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