EARN25

Nasdaq Extends Win Streak as Dow, S&P 500 Pivot Lower

The Dow and S&P 500 saw their first losses in five sessions

Digital Content Manager
Jan 17, 2023 at 4:26 PM
facebook X logo linkedin


Stocks took a breather as they returned from the holiday weekend, with the Dow shedding 391 points as it joined the S&P 500 in snapping a four-day win streak. Bank earnings weighed on the broader market, which had been enjoying tailwinds following inflation-related data, especially after Goldman Sachs (GS) reported its worst earnings miss in over 10 years. Meanwhile, the Nasdaq logged a modest gain and marked its seventh-straight win.  

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

Closing Index Summary January 172023

NYSE and Nasdaq Stats January 172023

5 Things to Know Today 

  1. Peloton (PTON) hired former Twitter (TWTR) executive Leslie Berland, who left the social platform after Elon Musk’s takeover, as its chief marketing officer.(CNBC)
  2. The Centers and Disease Control and Prevention (CDC) will investigate a potential link between Pfizer (PFE) and BioNTech (BTNC) bivalent Covid booster and stroke in people who are 65 or older. (MarketWatch
  3. Shareholder rights plan boosted struggling Carvana stock.
  4. Analysts: Church & Dwight stock boasts attractive valuation
  5. Keep tabs on these 3 heavy hitters after a round of bear notes.

Earnings January 172023

Unusual Options Activity January 172023

Gold Prices Cool Down to Kick Off New Week

Oil prices finished higher on Tuesday, and settled above the $80 region for the first time in over two weeks. Better-than-expected economic data out of China contributed to this rise, as the country continues to reassess its strict Covid-19 measures. February-dated crude rose 32 cents, or 0.4%, to settle at $80.18 per barrel.

Meanwhile, gold prices settled lower, but still managed to stay above the psychologically significant $1,900 region. Investors were eyeing the World Economic Forum gathering in Davos, and weighed gold demand from China. February-dated gold fell $11.80, or 0.6%, to settle at $1,909.90 per ounce.

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!