January 26, 2022

January 26, 2022

The Dow fell in choppy trading today after Federal Reserve Chairman Jerome Powell suggested the central bank has plenty of room to raise interest rates before it would harm the economy.

 

Dow Jones finished -130 at 34,168

S&P 500 finished -7 at 4,349

NASDAQ finished +3 at 13,542

 

The 10 Year Treasury closed up 9 basis points yielding 1.87%

Oil prices closed up $1.11 ending at $86.71 a barrel.

Gold prices closed down $35.20 ending at $1,817 an ounce.

 

In the days’ stock news:

 

  • Boeing closed down 4.9% after it reported a much wider-than-expected fourth-quarter loss and missed on revenue. It also said it took a $3.5 billion pretax charge on its 787 Dreamliners after production issues delayed its delivery of the planes for the last 15 months.
  • Microsoft closed up 2.9% after the company gave an upbeat forecast for the current quarter on continued growth in cloud services revenue. It also reported a quarterly profit of $2.48 per share

 

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