Schwab Network

Stock Market Today: UBER Strength & GOOGL, CMG Weakness

February 09, 2023 00:59 - 3 minutes - 61.1 MB

Dow Jones today finished in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Next, Renita Young weighs in on Alphabet (GOOGL) stock price falling after unveiling an A.I. product. Also, Chipotle (CMG) shares fell as lower consumer spending weighed on earnings. On the other hand, Uber Technologies (UBER) stock price rallied after a 49% year-over-year revenue growth in the fourth quarter. Walt Disney reported earnings today of $0.99 in adjusted EPS and $23.51B in rev...

Natural Gas As A Commodity Outlier Today

February 09, 2023 00:44 - 4 minutes - 313 MB

"Investors are seeing a big rotation in the markets this year as losers are falling into favor. Consumer staples is one of those sectors. With the Futures market, natural gas is pushing back down to two year lows with EIA having an impact. The gold price is also trying to find a temporary bottom at one month lows. If crude oil price were to jump to a high that could be a headwind for inflation," says Dan Deming.

CVS Health (CVS) Acquisition Cures Earnings: Stock Rallies

February 09, 2023 00:22 - 7 minutes - 196 MB

CVS Health (CVS) is planning on being the epicenter of primary care across a variety of care settings, says Christopher Kersey. He discusses CVS as the stock rallies after earnings. He notes that CVS should become a leader in value-based care, and is already ahead of the curve for primary care spending with its acquisitions. He also talks about how CVS reached a $10.6B deal to acquire Oak Street Health (OSH). He then goes over CVS's position in value-based care. He mentions that CVS's 4Q s...

Stock Market Vs Bond Market & The Fed

February 09, 2023 00:17 - 7 minutes - 79.6 MB

Is the bond market today or the stock market today correct? "It seems like the equity market is coming in line with the Federal Reserve. This is indicating that the bottom may have been in October 2022. The labor market has stayed strong, which is saving the economy. If you're a long-term investor, you should get into the market on a regular basis. Short term investors should look at some of the low beta semiconductor stocks due to the massive infrastructure bill," says Tony Drake.

Tech As New Value In 2023, Stock Picks: NVDA, META, MSFT

February 08, 2023 22:53 - 8 minutes - 83.7 MB

Nasdaq has seen a sixth week of gains which has not been seen since 2019. "Interest rates have fallen and large cap growth stocks have surged. The stock market today has shifted from defensive to offensive stocks. Meta Platforms (META), previously Facebook (FB), has risen back to glory but is still undervalued. The stock buyback and cost restructuring is benefiting shares. Also, Microsoft (MSFT) fair market value is better than Apple (AAPL) and the tech giant is well prepared for the A.I. ...

State Of The Union & Debt Ceiling Battle Impact On Markets

February 08, 2023 22:17 - 5 minutes - 68.7 MB

"State of the Union addresses have become more of a performance than a substance. President Biden gave a strong, but an unremarkable speech. He spent time touting his economic accomplishments from last year like the Inflation Reduction Act. He also floated new proposals that will likely go nowhere and divided Congress like quadrupling the new tax on stock buybacks. The biggest issue that President Biden discussed was the debt ceiling battle," says Michael Townsend.

Bull Market: Stocks Making More New Highs Than New Lows

February 08, 2023 21:55 - 9 minutes - 80.6 MB

Has the bull market taken over from a bear market? "For me a bull market is stocks making more new highs than new lows. More risk on behavior is coming into the stock market today. I want to see the 200-day moving average for the S&P 500 turn higher. Growth tech is still lagging, however. The financial and material sectors are crossing over into the overweight category," says Willie Delwiche.

China's Reopening Speed Will Impact Crude Oil Price

February 08, 2023 16:55 - 9 minutes - 87.4 MB

"The crude oil price is relatively contained, but could break out to the upside on demand as China reopens and comes out of Covid. There are mixed signals about how quickly this will happen, however. Does this mean that there will need to be an increase of 1 or 2 million barrels per day? There are also sanctions and price caps happening against Russia. All of this uncertainty is causing the price of oil to be range-bound," says Arlan Suderman.

Powell Looking At Yields Vs Equity Market

February 08, 2023 16:33 - 8 minutes - 69.3 MB

"Jerome Powell did not slap the equity markets down in his speech. I think he is looking at yields. Stock prices are a part of loosening financial conditions. The longer term yields are pricing in inflation for the longer term. Prior to that, they were pricing in a slower economy. Analysts are starting to drop their EPS and revenue estimates for next quarter at a higher rate," says Bob Iaccino. Iaccino also examines the U.S. Dollar price strength.

Royal Caribbean (RCL) Sails After Earnings

February 08, 2023 15:39 - 6 minutes - 65.9 MB

Royal Caribbean's (RCL) earnings report continues to confirm strong cruise demand following a record wave season, says Ivan Feinseth. He and Jamie Katz discuss RCL as it sails after earnings. Jamie notes that RCL is set to general record yields and EBITDA levels in 2023. They also talk about how Morningstar has a $80 fair value estimate on RCL. They note that RCL's revenue came in at $2.60B versus an estimated 2.60B, and RCL sees FY23 capex at approximately $4.1B. They then compare RCL to ...

Zoom Video (ZM) Layoffs & Bed, Bath & Beyond (BBBY) Plunges

February 07, 2023 20:13 - 3 minutes - 45.2 MB

Zoom Video (ZM) plans to cut 15% of its workforce, which is approximately 1.3K of workers. The CEO, Eric Yuan, is also cutting his salary for the coming year by 98%. The ZM stock price today is up over 7% so far following the news. Next, Renita Young weighs in on Bed, Bath & Beyond (BBBY) stock price plunging after announcing a new stock offering. Wedbush has stated that there is a low probability that the retailer will be able to raise equity in this last gasp before filing for bankruptcy...

European Union Could Still Be Using Russian Oil

February 07, 2023 19:43 - 5 minutes - 79.1 MB

The European Union has agreed on price caps on Russian petroleum products. "The impact of price caps is still debatable at best and comes with many implications. Russia has made it clear that countermeasures will be put in place. $100 price cap on diesel will likely mean that the market will continue to set the price. Just because the E.U. is not getting oil from Russia, will not mean they're not using Russian oil," says Anne Slattery.

Will President Biden Speech Impact The Stock Market?

February 07, 2023 19:17 - 9 minutes - 88.6 MB

"President Biden will urge raising the debt ceiling and may signal whether he might support more conversations with Republicans. Surprises are possible, but historically most SOTU speeches see less than a 1% move in the stock market on the following day. One reason that could happen again this year is that the themes Biden will address may sound familiar but face low odds of passage in a Republican-controlled House. The Chinese spy balloon dominated the news over the weekend. Even as growt...

Geopolitical Impact On Critical Energy Metals For EVs

February 07, 2023 19:07 - 7 minutes - 81.1 MB

"The market has priced in the interest rate hikes that are coming. The copper price is a good indicator of demand with U.S. and China tensions. There is an importance of developing lithium projects in North America. Critical energy metals will be a big part of the future in terms of electric vehicles. General Motors (GM) recently announced a $650M investment with Lithium Americas (LAC) to develop a mine in Nevada," says Zayn Kalyan.

Can Inflation Weaken With A Strong Job Market?

February 07, 2023 18:49 - 9 minutes - 243 MB

"The stock market today is expecting a hawkish tone from Jerome Powell. Can the Federal Reserve weaken inflation with a strong labor market? There is data that it could happen, but Chairman Jerome Powell is not buying into that thesis yet. Reserve Bank of Australia raised rates by 25BPS and signaled that more rate hikes are likely. Other Central Banks are catching up to the U.S. Dollar and its price will continue to increase in comparison to other currencies," says Scott Bauer.

Stock Market Today: DELL, TSN Weakness & CTLT Strength

February 06, 2023 23:52 - 3 minutes - 47.7 MB

Dow Jones today finished in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Overall, stocks slid to begin the week. Next, Renita Young weighs in on Catalent (CTLT) stock price rising on a report of Danaher (DHR) interest. Also, Tyson Foods (TSN) shares fell after their earnings report was released. Finally, Dell Technologies (DELL) is expected to layoff 6,650 workers.

Tech Layoffs: Positive For The Investor?

February 06, 2023 23:25 - 6 minutes - 68.8 MB

Dell is expected to layoff 6,650 employees in latest tech company job cuts. "Meta Platforms (META), previously Facebook (FB), started the layoffs last quarter when they cut 11% of their workforce. There is investor pressure when one technology giant is doing it and seeing a positive outcome on their bottom line. The U.S. government has put in a lot of money into corporations' hands through Covid-19 and once that goes away, employee cuts start to occur," says Candy Valentino. Recent tech la...

Weakness Of Labor Market Conditions According To The Fed

February 06, 2023 21:59 - 8 minutes - 104 MB

"The latest jobs report is good for workers and the economy but not good for the Federal Reserve's fight against inflation. There is an incredibly tight labor market. The market today is adjusting to the terminal rate going back above 5%. This earnings season must be looked at within a long-term context. Will there be a mild or a deep recession? There was an inflation issue born in the goods sector, which then moved over to the services side, and can now be seen on the labor side," says Ke...

Bullish In 2023 With a $4,500 Price Target On SPX

February 06, 2023 20:27 - 8 minutes - 76.7 MB

"I am bullish in 2023 with a $4,500 price target for the S&P 500 Index or SPX as I think inflation will come down. It is usually a better time to be long when earnings season is underway and to be cautious when there is no earnings just economic data is being reported. The jobs report provides further evidence of the failure of the Federal Reserve's forecasting models. The decline in housing prices was driven by a tight monetary policy," says Jay Hatfield.

Gold Price Strong In 2023? Important Reserve Asset

February 06, 2023 19:53 - 8 minutes - 69.3 MB

"The recent employment report is why we saw a dramatic move lower in the gold price. Gold has been susceptible to falling below the $1,900 support level. Central banks continue to be buyers of gold and a lot of big international institutions are stating that gold is an important reserve asset again. This indicates a strong fundamental set up for gold in at least a generation. However, many of the metals were getting on the higher levels of the bollinger bands and were due for a pullback," ...

U.S. Dollar Price Sensitivity To Perceived Fed Moves

February 06, 2023 19:26 - 9 minutes - 118 MB

The U.S. Dollar price rose after the jobs report was released last week. "With the latest employment data, the Federal Reserve can move forward as their solution is to put people out of work. This means that more interest rate hikes are coming. If you are a trader, the jobs data will be a catalyst for the market as it was decades ago," says Chris Robinson. Robinson also examines the treasury yield movements.

Stock Market Today Impacted By Blowout Jobs Report

February 04, 2023 00:18 - 3 minutes - 60.7 MB

Dow Jones today finished lower along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Overall, markets faded today after a blowout jobs report. Next, Renita Young weighs in on Clorox (CLX) stock price popping after a strong earnings report. Also, Nordstrom (JWN) shares rallied after Ryan Cohen took a stake in the retailer. Finally, Meta Platforms (META) was downgraded at HSBC.

Bullish In 2023, Stock Picks: PFE, ECL, AMGN

February 03, 2023 22:40 - 7 minutes - 93.2 MB

"I think this quarter we should test the levels we saw in August of 2022, which is another 100 points in the S&P 500 Index or SPX, and we have a shot at a 30% gain in 2023. The stock market rally has done nothing wrong. January 2023 was a great month, but we will probably not annualize it this year. There are too many bears and too many doomsdayers out there," says Paul Schatz. Then Schatz provides his stock picks: Pfizer (PFE), Ecolab (ECL), and Amgen (AMGN).

Dan Ives: Apple (AAPL) Will See $3T Market Cap

February 03, 2023 21:04 - 8 minutes - 87.3 MB

"Apple (AAPL) earnings were supply chain shortage driven in terms of China. The knee jerk reaction will be down because of this, but I still view Apple (AAPL) as bullish because of the commentary. Gross margins are highest in 10 years, despite revenue, and this is a name that is under-owned in broader tech. Growth for Apple (AAPL) will be driven by the iPhone and their services segment," says Dan Ives. Ives also says that Tesla (TSLA) continues to be a disruptive technology company.

Employment Data Moving The U.S. Dollar & Gold Price

February 03, 2023 20:40 - 5 minutes - 61.3 MB

Non-farm payrolls topped expectations and the stock market today is moving. The U.S. Dollar price is spiking and the gold price is moving as well. "The jobs number seems to beat every month, but not to this extent. Yields are also spiking higher. However, the crude oil market did not know what to make of the employment data at first," says Michael Zarembski.

All Major Central Banks Have Commitment Phobia

February 03, 2023 19:12 - 5 minutes - 54.6 MB

"Chairman Jerome Powell is feeling the pressure to not go too far despite what he says as disinflation was mention numerous times. He looked at financial conditions questions. The market is starting to play more towards the idea of a slowing economy and not a hawkish Federal Reserve. Right now, the bond market is following the stock market," says Bob Iaccino.

Stock Market Today Saw Mixed Earnings From Giants: AAPL, AMZN, GOOGL

February 02, 2023 23:16 - 3 minutes - 43.2 MB

The Dow Jones today was the only major index that finished in the red. However, the S&P 500 or SPX rose to highest levels in 5 months today. Next, Renita Young weighs in on Apple (AAPL) stock price falling after the tech giant missed on fourth quarter earnings. Also, Amazon (AMZN) shares were volatile after a mixed earnings report. Another big name, Alphabet (GOOGL) saw its stock price slide after their earnings call was released.

Tech Layoffs But Subway Can't Find Workers

February 02, 2023 21:37 - 8 minutes - 107 MB

"Crude oil price has been moving sideways recently and OPEC seems to be comfortable with this. The OPEC+ committee recommended no changes to the output strategy. There is a pending recession in the United States unless we are already in one. There is also the reopening in China. Lower service economy jobs are popping up everywhere, yet there are massive tech layoffs happening," says Jake Hanley.

Recession Is Likely, Patience Is Critical

February 02, 2023 21:06 - 8 minutes - 86.3 MB

"Short to mid-term now, I am bullish on the stock market, especially with Jerome Powell's news. However, long-term, there is a strong case for a recession. We can tell this by the inverted yield curve, falling PMI, quantitative tightening, soft home building, and the falling lead indicator. Investors should remain patient and consumers should not tap into their savings," says David Stryzewski.

Tesla (TSLA), Apple (AAPL) As Single Stock ETFs

February 02, 2023 20:14 - 5 minutes - 71 MB

Tesla (TSLA) and Apple (AAPL) were one of the first of Direxion's single stock leveraged and inverse ETFs that allow sophisticated traders to obtain magnified or inverse exposure to daily performance. For AAPL, there is an ability to trade a bull or bear fund, and for TSLA, there could be a tactical response to potential company events and market sentiment. Edward Egilinsky also weighs in on AMZN, GOOGL, and MSFT single stock ETFs and their pros and cons.

Will Wages Increase According To The Jobless Claims?

February 02, 2023 20:01 - 8 minutes - 91.3 MB

Jobless Claims numbers were released and came in below 200K for a third time. Initial claims came in at 183K. Non-farm productivity was at 3%, while unit labor costs were at 1.1%. "There are still a lot of people not participating in the labor pool, which is what the Federal Reserve is trying to evaluate. This is keeping tight employment conditions than in pre-pandemic," says Dan Deming.

Stock Market Today Impacted By FOMC, AMD, EA, SNAP, META

February 01, 2023 23:48 - 3 minutes - 59.1 MB

Dow Jones today was relatively flat, while the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000 closed higher. Stocks rallied after the FOMC raise rates by 25 BPS. Jerome Powell has stated that while inflation has eased, the Federal Reserve's work is not done. Next, Renita Young weighs in on AMD Inc. (AMD) stock price rallying after a strong earnings report. On the other hand, Electronic Arts (EA) shares plummeted after a forecast miss and delays in game releases. Also, Snap Inc. (SNAP) ...

Job Cuts For FedEx & Rivian

February 01, 2023 22:49 - 4 minutes - 65.2 MB

"FedEx (FDX) acted like a tech company during the pandemic as it hired many employees. The latest news is that FedEx is expected to cut officer and director ranks by 10%. The shipment company has reduced staffing by 12,000 workers since June. Also, Rivian (RIVN) is laying off 6% if its workforce to cut costs. Rivian said that they will focus on ramping up vehicle production and reaching profitability," says Renita Young.

Weak Statement From The Fed As We Are In A Deflation

February 01, 2023 22:39 - 6 minutes - 60.5 MB

"The FOMC meeting today was neutral and the Federal Reserve mentioned that there has been at least somewhat of an improvement in inflation. This is a weak statement as we are in a deflation. There will not be a significant recession because of pandemic tailwinds, most importantly a shortage of housing and automobiles. With the stock market today, there will be fears of a slowdown after earnings season," says Jay Hatfield.

Electronic Arts (EA) Earnings: Massive Vs Small Games

February 01, 2023 22:26 - 5 minutes - 67.2 MB

"Game delays, increasing game complexity, uncertain consumer behavior, and general 'macro' have been wrecking havoc on the video game industry. Electronic Arts (EA) finally succumbed to the headwinds with a rare miss, IP delay, and a lackluster initial FY24 guide. Star Wars Jedi: Survivor has been delayed 6 weeks to April 28. After only 9 months live, EA is shutting down Apex Legends Mobile, canceling Battlefield Mobile and closing its dev studio Industrial Toys," says Andrew Uerkwitz.

Fundamentally Bullish On Crude Oil

February 01, 2023 16:38 - 8 minutes - 85.1 MB

"Fundamentally, traders believe that the Federal Reserve could stop hiking interest rates in March as economic indicators suggest that inflation is starting to come under control. Oil prices continue to climb on positive economic data. Rising Chinese demand and growing geopolitical risks for the Middle East are cause to be bullish on crude oil. If crude could close monthly above $75, that would keep it in a stronger position," says David Williams.

Market Is Fighting The Fed, U.S. Dollar Vs Other Currencies

February 01, 2023 16:23 - 10 minutes - 107 MB

The U.S. Dollar price has slowed its decline headed into the Fed meeting. "The market is fighting the Fed as seen on the equity side. Both the Nasdaq and S&P 500 or SPX have not gone anywhere since November 2022. Global Central Banks are behind the Federal Reserve's curve as inflation hit other countries later," says Bob Iaccino. The European Central Bank and Bank of England will meet tomorrow.

Invest In Companies With Records Of Consistent Dividend Growth

February 01, 2023 16:09 - 8 minutes - 76 MB

This year could be another year of relative outperformance for dividend growth stocks, says Chris O'Keefe. He talks about the FOMC as the meeting is underway and the decision will be announced tomorrow. He notes that it is important to look at Jerome Powell's press conference which is tomorrow at 2:30PM ET. He then goes over the central bank schedules with the Federal Reserve decision on Wednesday and the European Central Bank and the Bank of England decision on Thursday. Finally, he notes...

Tesla (TSLA) Started A Price War Automakers Weren't Ready For

February 01, 2023 16:02 - 10 minutes - 99.7 MB

Tesla (TSLA) started a price war the other automakers weren't ready for, says Steve Westly. He discusses the outlook for the EV space. He talks about how Tesla can afford the price cut as it earned $15,700 in gross profits per car in 3Q22, while GM has lost money on all EV's though 2025. He then goes over how General Motors (GM) and Ford (F) can compete with Tesla. Tune into find out more about electric vehicles and the stock market today.

Stock Market Today: TSLA, GM, F, JNJ Weakness & SOFI Strength

January 31, 2023 00:05 - 3 minutes - 49.2 MB

Dow Jones today finished in the red along with S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Next, Renita Young weighs in on Berenberg cutting the Tesla (TSLA) price target to $200 from $255, while upgrading the stock to buy from hold. TSLA stock price today was down over 6%. Ford Motor Co. (F) cut the price of the Mustang Mach-E. Court rejected a bankruptcy plan for Johnson & Johnson (JNJ) talc lawsuits. On the positive side, SoFi Technologies (SOFI) stock surged after earnings.

AAPL, MSFT, NFLX Are Trading Near Fair Value

January 30, 2023 23:31 - 5 minutes - 61.9 MB

"Many great growth names with earnings momentum oversold in 2022 on expectations of a Federal Reserve induced recession. Data, not speculation, continues to show the stock market today got way ahead of itself recently. Corporate earnings weakened in tandem with aggregate demand, but not to the extent to justify the P/E compression of 2022. Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Netflix (NFLX) were punished in 2022 but retain their dominant positions in their respective industri...

MRVL, NVDA, AAPL: Stock Picks & What To Look For In The Fed Meeting

January 30, 2023 22:31 - 7 minutes - 85.1 MB

Markets in negative territory to start the week. Shana Sissel discusses this and previews the FOMC announcement which will take place Wednesday at 2pm ET. She talks about what to look for in upcoming Fed policy statements. She then goes over her tech picks include Marvell (MRVL), Nvidia (NVDA), and Apple (AAPL). Some of here other stocks to watch are Leidos (LDOS) and JetBlue (JBLU). Finally, she goes over her alternative picks which include BTAL, FMF, MRSK, LMAOX, and QGMNX. Tune in to fi...

How Low Can Natural Gas Go? Cotton Comparison

January 30, 2023 22:14 - 4 minutes - 59.8 MB

"The natural gas price looks like that of cotton. We are back to April 2021 lows. Where is the bottom? The safest way to buy natural gas is with very tight sell stops or with calls. The market is oversupplied, but transportation costs are still expensive," says Chris Robinson. Robinson also provides his take on where the crude oil price could go according to technical analysis.

U.S. Dollar & Nasdaq Correlation

January 30, 2023 21:46 - 8 minutes - 86.9 MB

"The U.S. Dollar price height in October and November marked the bottom for commodities like gold and stock market futures like the Nasdaq, Dow Jones, and S&P 500. Jerome Powell has to maintain a hawkish narrative and retain a firm grasp on inflation. Various economic data is set to be released soon. How are foreign currencies performing compared to the U.S. Dollar? Bank of Canada indicated that they were done hiking interest rates and it will be interesting to see whether other Central Ba...

Tesla (TSLA) Upgraded & Bed Bath & Beyond (BBBY) Burgeoning Bankruptcy

January 30, 2023 21:05 - 5 minutes - 124 MB

Berenberg upgrades Tesla (TSLA) to buy from hold. Jenny Horne discusses Tesla as Berenberg says its new plants offer multi-year opportunity in capital and labor efficiency. They also expect Tesla to retain its gross and EBIT-margin lead over legacy car makers. Jenny also talks about how Bed Bath & Beyond is closing an additional 87 flagship stores, in addition to the 150 closing it announced in August. Tune in to find out more about the stock market today.

Stock Market Today Winners: AXP, TSLA, LCID

January 28, 2023 00:48 - 3 minutes - 59.6 MB

Dow Jones today finished higher along with the Nasdaq-100, S&P 500 or SPX, and Russell 2000. Markets closed higher to finish off a strong week. Next, Renita Young weighs in on American Express (AXP) stock rallying on strong 2023 guidance. Tesla (TSLA) was also up 11% after a strong earnings report. Another E.V. maker, Lucid (LCID) closed higher on a report of possible acquisition by Saudi Arabia's public investment fund. Finally, Intel (INTC) closed 6% lower after analyst price cuts.

Hawkish Powell Will Reinvigorate The Dollar

January 28, 2023 00:25 - 8 minutes - 75.9 MB

"It is hard to get excited until the crude oil price gets above the $82 or $83 level. The China reopening story has played into it. The U.S. Dollar is in a bottom pattern with inflation as the economy is moving in a better pattern. Consumer spending has been strong and I expect retain spending for January to be strong. Next week, a hawkish Jerome Powell will reinvigorate the Dollar. I also think there is a lot of resistance in the range within the S&P 500 Index or SPX chart," says Bill Bar...

Good Is Bad & Bad Is Good With The Recession Data

January 28, 2023 00:10 - 8 minutes - 122 MB

"The PCE number has incorporated yesterday's GDP data. Is good bad again? The VIX is below 20 and the S&P 500 Index or SPX is above 4,000. Does this mean that investors do not see a recession? The labor market is persistently strong. The message from the Federal Reserve continues to be hawkish, yet the stock market goes up and volatility goes down. This loosens financial conditions," says Larry Shover.

Stock Market Today: RTX Strength, MMM Weakness, & MSFT Earnings

January 24, 2023 23:24 - 2 minutes - 37.1 MB

Dow Jones today was the only major index that finished higher as markets were mixed after a 2-day rally. Next, Renita Young weighs in on Raytheon (RTX) stock price finishing up over 3% with profit doubling as defense spending rose due to the Ukraine war. Also, 3M Co. (MMM) shares fell after a worse-than-expected earnings report. Finally, Microsoft (MSFT) earnings call was released that indicated a miss in revenue, but a strong growth in the cloud segment.

Stock Market Today & Bond Market Today Looking For A Catalyst

January 24, 2023 22:59 - 3 minutes - 39.9 MB

"Trading has been good in terms of volume and activity recently and today it seems like it came to a halt, which it almost did with some of the glitches. Both the stock market today and the bond market today are looking for a catalyst. Stock investors would love to see the 10-Year Treasury stay in a range. That would be a huge win for the equity market as it would indicate an acceptance of interest rates," says Scott Bauer.

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