What Moved Markets This Week
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Wall Street Breakfast5.74M FollowersSubscribe5ShareSavePlay(6min)Comment(1) Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify. alexsl/iStock via Getty Images Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition. Wall Street closed the trading week lower, as shares of Nvidia (NVDA) came under pressure following the stock’s fiscal fourth-quarter results and forward guidance, while a hotter-than-expected Producer Price Index report added to inflation concerns even as the benchmark U.S. 10-year Treasury yield (US10Y) slipped below 4% for the first time in three months.Shares of Nvidia (NVDA) drew significant attention after the semiconductor leader released its fiscal fourth-quarter results and forward guidance, a report that ultimately pressured its shares lower.On the economic calendar, the U.S.
Producer Price Index rose 0.5% month over month in January, exceeding the +0.3% consensus estimate and December’s upwardly revised +0.4% reading (previously +0.5%), according to data released Friday by the Bureau of Labor Statistics.The benchmark U.S. 10-Year Treasury yield (US10Y) slipped below the 4% mark for the first time in three months, falling to its lowest level since November 28 as investors increased bond purchases over the course of the week.For the week, the S&P (SP500) lost -0.4%, while the tech-heavy Nasdaq Composite (COMP:IND) dipped -1.0%, and the blue-chip Dow (DJI) fell -1.3%. Read a preview of next week's major events in Seeking Alpha's Catalyst Watch. Seeking Alpha's Calls Of The Week CareTrust REIT's (CTRE) Niche Keeps Bulls Charging.HPE's Network, Infrastructure Integration To Drive Growth.Can't Ignore Novo Nordisk (NVO) At These Valuations.Nvidia (NVDA): 3 Horsemen Of Tokenomics Optimization.PayPal's (PYPL) Buyout Narrative Changes Everything.Kinder Morgan (KMI) Is Currently In Overbought Territory.Johnson & Johnson's (JNJ) Strong Run May Be Ending.NuScale Power (SMR): If Insiders Sell, So Should You.I Was Skeptical Of C3.ai (AI) A Year Ago - It's Worse Now.XFLT: The Yield Is Eroding NAV While Earnings Struggle. Eating up the labor market? Worries over the "SaaSpocalypse" and "AI scare trades" have gripped the market as artificial intelligence advances rapidly. This week, Jack Dorsey's Block (XYZ) cut nearly half its workforce, while Citrini Research raised concerns over a scenario in which AI pushes the unemployment rate past 10% in 2028. Is this premature panic or are the fears justified? Read more here. Weekly Movement U.S. IndicesDow -1.3% to 48,978. S&P 500 -0.4% to 6,879. Nasdaq -1.0% to 22,668. Russell 2000 -1.2% to 2,632. CBOE Volatility Index +4% to 19.86. S&P 500 SectorsConsumer Staples +2.7%. Utilities +2.9%. Financials -2%. Telecom +0.5%. Healthcare +2.1%. Industrials -0.1%. Information Technology -2.2%. Materials +1.3%. Energy +2%. Consumer Discretionary -0.5%. Real Estate +0.9%. World IndicesLondon +2.1% to 10,911. France +0.8% to 8,581. Germany +0.1% to 25,284. Japan +3.6% to 58,850. China +2% to 4,163. Hong Kong +0.8% to 26,631. India -1.8% to 81,287. Commodities and BondsCrude Oil WTI +1% to $67.02/bbl. Gold +3.7% to $5,267.2/oz. Natural Gas -6.2% to 2.859. Ten-Year Bond Yield -0.2 bps to 3.962. Forex and CryptosEUR/USD +0.27%. USD/JPY +0.64%. GBP/USD +0.01%. Bitcoin -3.3%. Litecoin -0.6%. Ethereum -2.5%. XRP -5.3%. Top S&P 500 GainersKeysight Technologies (KEYS) +26%. Paramount Skydance (PSKY) +26%. Axon Enterprise (AXON) +25%. Netflix (NFLX) +22%. Dell Technologies (DELL) +21%. Top S&P 500 LosersFirst Solar (FSLR) -18%. KKR & Co. (KKR) -13%.
Apollo Global Management (APO) -13%. Zebra Technologies (ZBRA) -12%. EMCOR Group (EME) -11%. Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section. This article was written byWall Street Breakfast5.74M FollowersSubscribeWall Street Breakfast, Seeking Alpha's flagship daily business newsletter, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy readability on the site or by email (including mobile devices) and is published before 7:30 AM ET every market day.
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