Nasdaq Eyes Severe Monthly Loss; Dow Futures Drop Triple Digits

Data from the Chicago purchasing managers' index (PMI) is due out

Managing Editor
Jan 31, 2022 at 9:17 AM
facebook X logo linkedin

Futures on the Dow Jones Industrial Average (DJI) are sinking triple digits, as investors wrap up the first month of 2022, and await a slew of economic data, due out later this week. The S&P 500 Index (SPX) is continuing toward its worst monthly performance since March 2020. Ahead of the bell, the Nasdaq-100 Index (NDX) is heading higher on the day, while the Nasdaq Composite (IXIC) eyes its worst monthly performance since October 2008. 

Continue reading for more on today's market, including:  


5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw 1.7 million call contracts traded on Friday, and 1.2 million put contracts. The single-session equity put/call ratio rose to 0.72, and the 21-day moving average stayed at 0.52.
  2. Plant-based meat producer Beyond Meat Inc (NASDAQ:BYND) is moving 4.8% higher in pre-market trading, after receiving a double upgrade from Barclays to "overweight" from "underweight." The firm noted future growth potential and also adjusted its price target to $80 from $70. BYND has shed nearly 70% over the past 12 months, mostly in part due to pressure from the 20-day moving average.
  3. Walgreens Boots Alliance (NASDAQ:WBA) is inching lower in electronic trading, after sources told Bloomberg the company is moving forward with a sale of its U.K.-based drugstore, Boots. Several firms are allegedly already forming bids. WBA has managed some improvement, adding 7% in the last six months.
  4. Shares of streaming platform Netflix Inc (NASDAQ:NFLX) are enjoying a 3.5% lift before the bell, after landing a bull note from Citigroup. The brokerage upgraded Netflix stock to "buy" from "neutral," saying previous evaluations don't include potential subscriber growth or economics. NFLX just last week fell to a nearly two-year low of $351.46, after suffering a steep post-earnings selloff.
  5. Kicking off the week is data from the Chicago purchasing managers' index (PMI) .
buzz jan 31

European Investors Eye Ukraine Tensions

Asian markets were higher on Monday, with both China’s Shanghai Composite and South Korea’s Kospi closed in observance of Lunar New Year eve. Meanwhile, Japan’s Nikkei and Hong Kong’s Hang Seng each rose 1.1%, with the latter brushing off official data showing a slowdown in factory activity growth for January, before closing early for the holiday.

European markets are mostly flat, as investors monitor Ukraine developments ahead of the United Nations (UN) Security Council meeting. They were also digesting a slowing euro zone gross domestic product (GDP) reading for the fourth quarter of 2021, though that was in line with analysts’ expectations. At last check, the German DAX is up 0.5%, London’s FTSE 100 is slightly above breakeven with a 0.02% gain, and France’s CAC 40 is modestly lower with a 0.08% loss.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI