Daily Morning Note | 17 January 2022
Let the Money Talk
English - January 17, 2022 02:00 - 24 minutes - 22.3 MBInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Singapore shares displayed remarkable resilience on Friday, defying losses across most major regional bourses, which were rattled by hawkish "Fed speak" and a tepid overnight session in Wall Street. The key Straits Times Index jumped 24.67 points or 0.76 per cent to 3,281.97, pushing through its 2021 high of 3,273.54.
The Dow closed lower on Friday (Jan 14) with a big drag from financial stocks as investors were disappointed by fourth quarter results from big US banks, which cast a shadow over the earnings season kick-off. The Nasdaq and the S&P regained lost ground in afternoon trading to close higher. Meanwhile the consumer discretionary stocks put pressure on the indexes throughout the session after morning data showed a December decline in retail sales and a souring of consumer sentiment. The Dow Jones Industrial Average fell 201.81 points or 0.56 per cent to 35,911.81, the S&P 500 gained 3.82 points or 0.08 per cent to 4,662.85 and the Nasdaq Composite added 86.94 points or 0.59 per cent to 14,893.75. For the week, the S&P 500 fell 0.3 per cent while the Dow fell 0.9 per cent and the Nasdaq fell 0.3 per cent.
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