US stock futures record declines before the opening of less than two hours from the opening of the US markets today, Monday, January 24, as the Dow Jones index loses about 75 points before the opening, amid anticipation in the markets for the announcements of major companies and financial institutions about their quarterly results for the fourth quarter and 2021, in addition to the Federal Reserve meetingThe results will be announced next Wednesday.
US stocks had a bad weekly performance last week, as the Nasdaq index recorded its worst weekly performance since March 2020, with a loss estimated at 7.6% last week, while the Dow Jones index ended the week with a loss of about 4.6%, while the S&P 500 lost about 5.7% When it closed last week.
The rise in market concerns about the events between Ukraine and Russia and the risk of a conflict between the two parties raised the state of anxiety in the markets at the end of last week, in addition to the high expectations that the US Federal Reserve will be more hawkish in its meeting this week, although there is almost certainty in the markets that the Fed is unlikely to conduct a deal. Change in interest rates at the meeting this week.
The quarterly earnings season will have a significant impact on market movements this week, as Microsoft and Apple will announce their quarterly results on Tuesday and Thursday after the closure, in addition to announcing the feast of companies and institutions during the week, such as IBM, Visa, Intel and Johnson & Johnson.
The Dow Jones futures index is trading down about 75 points at 34.082 levels, while the S&P 500 index is trading at 4.375 thousand, down by about 15 points, while the Nasdaq is losing about 85 points, trading at 14.340 levels.
05/11/2024
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