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Correction to Indianapolis Mass Shooting Article
According to police, the victims include Matthew Alexander, 32 years old; Samaria Blackwell, 19; Amarjeet Johal, 66; Jaswinder Kaur, 64; Jaswinder Singh, 68; Amarjit Sekhon, 48; Karli Smith, 19; and John Weisert, 74. "Indianapolis Mass Shooting: At Least Eight Dead at FedEx Facility," at 8:44 p.m. and 9:05 p.m. ET, gave an incorrect spelling for the names of Amarjit Sekhon and Karli Smith.
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ReturntoSender Member Level  Tuesday, 01/26/21 04:33:08 PM
Re: ReturntoSender post# 6858
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Dow -22.96 at 30937.04, Nasdaq -9.93 at 13626.07, S&P -5.74 at 3849.62

Market takes a breather in mixed session
26-Jan-21 16:15 ET
Dow -22.96 at 30937.04, Nasdaq -9.93 at 13626.07, S&P -5.74 at 3849.62

https://www.briefing.com/stock-market-update

[BRIEFING.COM] The large-cap indices closed slightly lower on Tuesday, with the S&P 500 losing 0.2% after hitting an all-time high shortly after the open. The Nasdaq Composite (-0.1%) and Dow Jones Industrial Average (-0.1%) performed comparably in a tight-ranged session, while the Russell 2000 (-0.6%) underperformed.

Sector performances were mixed. The S&P 500 real estate (+1.1%), consumer staples (+0.9%), and communication services (+0.8%) finished atop the standings with decent gains, while the energy (-2.1%), materials (-1.4%), utilities (-1.0%), industrials (-0.9%), and financials (-0.8%) sectors struggled in negative territory.

In a sense, market dynamics remained consistent with those in recent sessions, such that value stocks underperformed, mega-cap stocks provided influential support, and GameStop (GME 147.98, +71.19, +92.7%) continued to captivate Wall Street with its speculative run. Microsoft (MSFT 232.33, +2.29, +1.2%) gained 1% ahead of its earnings report after the close.

The latest batch of earnings reports, meanwhile, came in mostly better than expected with little market-moving effect.

Johnson & Johnson (JNJ 170.48, +4.50, +2.7%), General Electric (GE 11.29, +0.30, +2.7%), and 3M (MMM 175.95, +5.56, +3.3%) were notable winners, while Verizon (VZ 56.57, -1.85, -3.2%) and American Express (AXP 116.15, -5.00, -4.1%) had disappointing reactions to their positive results. JNJ and Verizon also issued upbeat guidance.

Separately, shares of Beyond Meat (BYND 186.83, +28.10, +17.7%) gained 18% after the company formed a joint venture with PepsiCo (PEP 141.80, +1.62, +1.2%) to create plant-based snacks and beverages. Twitter (TWTR 49.67, +1.83, +3.8%) shares rose 4% after the company said it acquired Revue, a service to create editorial newsletters.

U.S. Treasuries finished little changed in a lackluster session. The 2-yr yield was flat at 0.12%, and the 10-yr yield was flat at 1.04%. The U.S. Dollar Index decreased 0.3% to 90.14. WTI crude futures decreased 0.3%, or $0.15, to $52.62/bbl.

Reviewing Tuesday's economic data:

The Conference Board's Consumer Confidence Index increased to 89.3 in January (Briefing.com consensus 89.0) from a downwardly revised 87.1 (from 88.6) in December.
The key takeaway from the report is that the optimism about the short-term outlook outweighed a weakening view about current business and labor market conditions.
The S&P Case-Shiller Home Price Index increased 9.1% in November (Briefing.com consensus 9.0%) following an upwardly revised 8.0% reading in October (from +7.9%).
The FHFA Housing Price Index increased 1.0% in November.

Looking ahead, investors will receive Durable Goods Orders for December, the FOMC Rate Decision, and the weekly MBA Mortgage Applications Index on Wednesday.

Russell 2000 +8.9% YTD
Nasdaq Composite +5.7% YTD
S&P 500 +2.5% YTD
Dow Jones Industrial Average +1.1% YTD

Market Snapshot
Dow 30937.04 -22.96 (-0.07%)
Nasdaq 13626.07 -9.93 (-0.07%)
SP 500 3849.62 -5.74 (-0.15%)
10-yr Note -1/32 1.042
NYSE Adv 1283 Dec 1852 Vol 1.1 bln
Nasdaq Adv 1436 Dec 2381 Vol 6.6 bln

Industry Watch
Strong: Communication Services, Real Estate, Consumer Staples
Weak: Materials, Financials, Utilities, Industrials, Energy

Moving the Market

-- Market takes a breather in mixed and tight-ranged session

-- Earnings reports were mostly better than expected

Crude futures edge lower, energy stocks lag
26-Jan-21 15:25 ET
Dow +54.01 at 31014.01, Nasdaq +14.59 at 13650.59, S&P +4.42 at 3859.78

[BRIEFING.COM] The S&P 500 is up 0.1% and is vying for a record close with a positive finish.

One last look at the sectors shows mixed results. Real Estate (+1.2%), communication services (+0.9%), and consumer staples (+1.0%) are currently in the lead, while the energy (-1.7%) and materials (-0.8%) sectors continue to underperform in the red.

WTI crude futures settled lower by 0.3%, or $0.15, to $52.62/bbl.


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