On Tuesday, February 1, 2022 at 1:03:18 AM UTC-8, Leroy N. Soetoro wrote:

https://www.reuters.com/business/nasdaq-futures-edge-higher-end-turbulent- month-2022-01-31/

Jan 31 (Reuters) - U.S. stocks closed higher on Monday, at the end of a volatile month for Wall Street where the tech-heavy Nasdaq narrowly
avoided its worst ever start to the year and the S&P 500 recorded its
weakest January performance since 2009.

Valuations of growth and technology stocks have come under increasing scrutiny, as investors fretted about companies trading at lofty valuations
at a time when the U.S. Federal Reserve is set to begin raising interest rates to combat inflation and withdraw its pandemic stimulus measures.

In early Monday trading, the Nasdaq (.IXIC) was on course to surpass its worst opening-month performance on record, when it fell 9.89% in 2008. However, after its best one-day gain since March 2021, it closed out
January down 8.99%.

"At the end of the day, interest rates are going to have to move higher,
and companies with high multiples will have to trade lower," said Decio Nascimento, chief investment officer of Norbury Partners.

He added that, with costs such as wages rising, there will be increased investor focus on sectors that can better handle those inflationary pressures, with less latitude for companies which promise future growth
but which currently generate negative cash flow.

All of the 11 major S&P sectors advanced, led by a 3.8% rise in consumer discretionary (.SPLRCD) stocks. The gain was led by Tesla Inc (TSLA.O),
which jumped 10.7% after Credit Suisse raised the electric car maker's
stock rating to "outperform".

For January though, consumer discretionary was the worst performing
sector, slipping 9.7%. In all, only the energy sector (.SPNY) ended the
month in positive territory, aided by oil prices hitting their highest
level since October 2014 on Friday.

Overall, the bellwether S&P 500 (.SPX) had its worst overall month since
the pandemic-led crash in March 2020.

The U.S. Federal Reserve last week signaled it intends to combat the four- decade high inflation by hiking key interest rates more aggressively than many market participants expected. read more

Fed funds futures traders are pricing in almost five rate increases by year-end, with some banks, such as the Bank of America now eyeing seven
hikes this year. read more

"What the Fed did last week was to widen the spectrum of possibility of
what rates could be in a year or two, so when you do that, you are going
to create volatility in equities" said Norbury Partners' Nascimento.

Geopolitical tensions have added to market uncertainty, with the U.S. and
its allies threatening Russia with new economic sanctions if it attacks Ukraine. read more

The Dow Jones Industrial Average (.DJI) rose 406.39 points, or 1.17%, to 35,131.86, the S&P 500 (.SPX) gained 83.7 points, or 1.89%, to 4,515.55
and the Nasdaq Composite (.IXIC) added 469.31 points, or 3.41%, to
14,239.88.

Boeing Co (BA.N) rose 5.1%. The U.S. planemaker secured a launch order
from Qatar Airways for a new freighter version of its 777X passenger jet
and a provisional order for 737 MAX jets. read more

Citrix Systems Inc's (CTXS.O) shares fell 3.4% after the software company said it had agreed to be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners. read more

Volume on U.S. exchanges was 12.67 billion shares, compared with the 12.37 billion average for the full session over the last 20 trading days.

The S&P 500 posted eight new 52-week highs and no new lows; the Nasdaq Composite recorded 30 new highs and 45 new lows.

--
"LOCKDOWN", left-wing COVID fearmongering. 95% of COVID infections
recover with no after effects.

No collusion - Special Counsel Robert Swan Mueller III, March 2019. Officially made Nancy Pelosi a two-time impeachment loser.

Donald J. Trump, cheated out of a second term by fraudulent "mail-in" ballots. Report voter fraud: [email protected]

Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

President Trump boosted the economy, reduced illegal invasions, appointed dozens of judges and three SCOTUS justices.

. You don't know shit. This must be some elected bastard...

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