binance left Coinmarketcap net_left adver left
Detail

Wall Street bounces as Powell's testimony brings some relief

By Bansari Mayur Kamdar, Shreyashi Sanyal and Sinéad Carew (Reuters) - U.S. stock indexes were gaining ground on Tuesday with Nasdaq leading the advance as investors appeared...
Wall Street bounces as Powell's testimony brings some relief © Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022. REUTERS/Brendan McDermid

By Bansari Mayur Kamdar, Shreyashi Sanyal and Sinéad Carew

(Reuters) - U.S. stock indexes were gaining ground on Tuesday with Nasdaq leading the advance as investors appeared relieved that Federal Reserve Chair Jerome Powell's testimony to Congress did not include any major surprises.

Federal Reserve Chair Jerome Powell, in a congressional hearing that pointed to his likely confirmation for a second term as head of the U.S. central bank, said the economy should weather the current COVID-19 surge with only "short-lived" impacts and was ready for the start of tighter monetary policy.

After falling just under 1% earlier in the session, the interest rate sensitive technology sector bounced back to rally almost 1% and provide the S&P its biggest boost.

"The market is extremely in tune to the Treasury yield move right now. As yields have started to slow down their ascent that's providing support for technology related stocks," said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. "There weren't any real surprises to Powell's comments which perhaps is adding some stability."

While Miskin saw some signs of a risk-on market on Tuesday he said investors were also "tiptoeing around" as they waited for key inflation data, which is due out on Wednesday.

The headline Consumer Price index (CPI), expected to come in at a red-hot 7% on a year-on-year basis, is expected to influence the Fed's plans for interest rate hikes.

By 2:04PM ET, the Dow Jones Industrial Average rose 87.82 points, or 0.24%, to 36,156.69, the S&P 500 gained 29.38 points, or 0.63%, to 4,699.67 and the Nasdaq Composite added 185.87 points, or 1.24%, to 15,128.70.

The S&P 500 index was on course to break a five-day slump, while the Nasdaq was looking to add to its tiny gain on Monday, when it staged a wild late day comeback that strategists attributed to an influx of retail investors hunting for bargains after an early session sell-off.

Equity markets have been battered since the start of this year after the minutes from the Fed's December meeting pointed to a sooner-than-expected rise in interest rates due to rising inflationary pressures.

Marko Kolanovic, chief global markets strategist at JPMorgan Chase & Co (NYSE:JPM), on Monday issued a research note calling the recent pull-back in riskier assets "arguably overdone" and calling it a buying opportunity. [nL1N2TQ2DY

Eight of the 11 major S&P 500 sectors rose, with growth-heavy sectors like technology and consumer discretionary contributing most to the S&P's gains. The biggest percentage gainer was energy, which rose along with crude oil futures. (OR)

Megacap growth companies, including Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN), were the biggest single-stock boosts to the S&P 500.

Also on investor watchlists for this week is the unofficial start of the fourth-quarter earnings season on Friday, with big banks expected to show an uptick in quarterly core revenue thanks to new lending and firming Treasury yields.

International Business Machines (NYSE:IBM) was down 2.7% after UBS downgraded the stock to "sell" and slashed its price target.

Vaccine maker Moderna (NASDAQ:MRNA) was down 4.7% after rising more than 9% on Monday. Pfizer (NYSE:PFE)'s vaccine partner BioNTech was also down 4.6% on Tuesday. The World Health Organization said more research is needed to find out if existing COVID-19 vaccines provide adequate protection against the Omicron variant.

Casino operator Las Vegas Sands (NYSE:LVS) Corp was up almost 8% after J.P. Morgan upgraded the stock to a "overweight" rating.

Advancing issues outnumbered declining ones on the NYSE by a 2.76-to-1 ratio; on Nasdaq, a 2.13-to-1 ratio favored advancers.

The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 29 new highs and 99 new lows.

ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
18-01-2022 11:35:56 (UTC+7)

EUR/USD

1.1333

-0.0074 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

EUR/USD

1.1333

-0.0074 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

GBP/USD

1.3578

-0.0066 (-0.49%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

USD/JPY

114.61

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

AUD/USD

0.7179

-0.0031 (-0.42%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2545

+0.0026 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

129.88

-0.85 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (7)

EUR/CHF

1.0393

-0.0032 (-0.30%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (2)

Gold Futures

1,810.90

-5.60 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Silver Futures

23.438

+0.520 (+2.27%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Copper Futures

4.3952

-0.0253 (-0.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Crude Oil WTI Futures

84.08

+0.78 (+0.94%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Brent Oil Futures

86.77

+0.29 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

4.322

+0.060 (+1.41%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (6)

US Coffee C Futures

239.18

-0.47 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

4,257.65

-44.49 (-1.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

S&P 500

4,584.08

-78.77 (-1.69%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

DAX

15,773.09

-160.63 (-1.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,566.20

-45.03 (-0.59%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

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

2,105.65

-55.90 (-2.59%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

IBEX 35

8,780.74

-57.96 (-0.66%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

BASF SE NA O.N.

67.935

-0.205 (-0.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Bayer AG NA

52.06

-0.76 (-1.44%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (6)

Allianz SE VNA O.N.

225.90

-1.15 (-0.51%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Adidas AG

255.00

+2.35 (+0.93%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Lufthansa AG

7.135

-0.106 (-1.46%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (4)

Siemens AG Class N

142.64

-3.36 (-2.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Bank AG

11.960

-0.058 (-0.48%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.1333↑ Sell
 GBP/USD1.3578↑ Sell
 USD/JPY114.61↑ Buy
 AUD/USD0.7179↑ Sell
 USD/CAD1.2545↑ Buy
 EUR/JPY129.88↑ Sell
 EUR/CHF1.0393Neutral
 Gold1,810.90↑ Sell
 Silver23.438↑ Sell
 Copper4.3952↑ Sell
 Crude Oil WTI84.08↑ Sell
 Brent Oil86.77↑ Sell
 Natural Gas4.322↑ Sell
 US Coffee C239.18↑ Sell
 Euro Stoxx 504,257.65↑ Sell
 S&P 5004,584.08↑ Sell
 DAX15,773.09↑ Sell
 FTSE 1007,566.20↑ Sell
 Hang Seng24,112.78↑ Buy
 Small Cap 20002,105.65↑ Sell
 IBEX 358,780.74↑ Sell
 BASF67.935↑ Sell
 Bayer52.06Neutral
 Allianz225.90↑ Sell
 Adidas255.00↑ Sell
 Lufthansa7.135↑ Sell
 Siemens AG142.64↑ Sell
 Deutsche Bank AG11.960↑ 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 11:35:59
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,812.46-6.87-0.38%
Live 24 hour Gold Chart
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$83.96-0.32-0.38%
Brent$86.22-0.13-0.15%
$ 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
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right