Here are the top news, trends and analysis investors need to start their trading day:
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, the United States, January 26, 2022.
Brendan McDermid | Reuters
US-Aktien-Futures were mostly lower on Monday, heading towards the last trading day of January. Despite rallying 2.4% on Friday amid weeks of turmoil, the S&P500 is facing its worst month since March 2020, when the Covid pandemic was declared. Last Friday the Dow Jones Industriedurchschnitt rose 564 points or 1.7% and the Nasdaq Added 3.1%. But like the S&P 500, the Dow is heading for its worst month since October 2020 and the Nasdaq is on track for its worst month dating back to October 2008, amid the turmoil of the financial crisis that led to the Great Recession. rally on Friday pulled all three equity benchmarks into positive territory last week. However, the Nasdaq remained in a deep correction.
The government will publish its latest employment report next Friday. While economists polled by Dow Jones expect 178,000 non-farm payrolls to have been added over the last month, there are questions about how the spread of the Covid-Omicron variant could affect the numbers. Brian Deese, President Joe Biden’s chief economic adviser, told CNBC on Friday that the Covid case is increasing in early January could falsify the employment data. The White House does not have access to sensitive economic figures. However, Deese, director of the National Economic Council, and his staff are likely conducting their own analysis.
Audio-Streaming-Gigant Spotify said Sunday it will add content notes to any material mentioning Covid and direct its users to public health websites for more information. Spotify is facing a declining share price due to backlash over its decision to continue airing the popular podcast The Joe Rogan Experience amid fears it is spreading misinformation about the coronavirus. On Sunday, Rogan posted a video on Instagram saying he agreed to the content notices before podcasts featuring Covid comments. He also said he is open to following guests with controversial opinions on Covid with other experts who have different views. Neil Young started boycotting Spotify last week.
US President Joe Biden delivers remarks with Supreme Court Justice Stephen Breyer as they announce Breyer will retire at the end of the court’s current term at the White House on January 27, 2022 in Washington.
Kevin Lamarque | Reuters
With oil prices Trading around 7-year highs on backdrop of political tensions in Eastern Europe, Biden will meet in the White House on Monday with the head of government of the oil-rich nation of Qatar. Biden hopes Qatar, which helped with last summer’s US military evacuations in Afghanistan, will once again help the West as it faces the prospect of a European energy crisis if Russia invades Ukraine. The White House said Biden and Qatar’s leaders would also use Monday’s meeting to discuss the Middle East, the situation in Afghanistan and U.S. efforts to revive the 2015 Iran nuclear deal.
The post 5 things you should know before the stock market opens on Monday 31st January appeared first on Archyworldys.