Today's Stock Market News & Events: 1/15/2021

Today's market-moving economic data and earnings schedule

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Stocks settled solidly in the red by the end of the trading session on Thursday. Investors weighed yesterday's disappointing jobless data against hopes that president-elect Joe Biden would roll out a bulkier stimulus package that may boost the economy. Positive news broke yesterday that Johnson & Johnson's (JNJ) trial data for its single-dose Covid-19 vaccine showed promise. 

The Dow Jones Industrial Average (DJI - 30,991.52) lost 68.9 points for the day on Thursday. The S&P 500 Index (SPX - 3,795.5) lost 14.3 points and the Nasdaq Composite (IXIC - 13,112.64) lost 16.3 points yesterday. The Cboe Volatility Index (VIX - 23.25) jumped 4.7% during yesterday's trading session.

Today is going to be completely jam packed for investors to close out the week. Retail sales, industrial production, and capacity utilization data is all due out. In addition, the Empire state and producer price indexes latest data are slated to be reported, as well as preliminary consumer sentiment index data and business inventories reports that are set to be released today.

The following companies are slated to release quarterly earnings reports today, January 15:

Citigroup, Inc. (NYSE:C -- $69.01) is a diversified financial service holding company. Citigroup will report its fourth-quarter of 2020 earnings before the bell today.

JPMorgan Chase & Co. (NYSE:JPM -- $141.17) operates as a financial services company worldwide. JPMorgan Chase will report its fourth-quarter of 2020 earnings before the bell today.

The PNC Financial Services Group, Inc. (NYSE:WFC -- $34.75) provides banking, investment, mortgage, and consumer and commercial finance products. PNC will report its fourth-quarter of 2020 earnings before the bell today.

Here is a quick recap of how Thursday's earnings reports played out:

BlackRock, Inc. (NYSE:BLK) is a publicly owned investment manager. Earnings per share increased 22.06% year over year to $10.18, which beat the estimate of $9.14. Revenue of $4,478,000,000 up by 12.60% from the same period last year, which beat the estimate of $4,300,000,000.

First Republic Bank, Inc. (NYSE:FRC) provides private banking, private business banking, real estate lending, and wealth management services. Earnings per share were up 15.11% year over year to $1.60, which beat the estimate of $1.52. Revenue of $1,080,000,000 up by 23.08% year over year, which beat the estimate of $1,020,000,000.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells integrated circuits and semiconductors. Earnings per share rose 32.88% over the past year to $0.97, which beat the estimate of $0.94. Revenue of $12,676,000,000 rose by 21.95% year over year, which missed the estimate of $12,910,000,000.

Progress Software Corporation (NASDAQ:PRGS) develops business applications. Earnings per share increased 15.19% over the past year to $0.91, which beat the estimate of $0.77. Revenue of $129,063,000 rose by 4.58% from the same period last year, which beat the estimate of $128,010,000.

Looking ahead to next week, the third week of January will be relatively quiet on the economic-data front. Martin Luther King Jr. Day is on Monday, so the markets will be closed. Midweek, the National Association of Home Builders (NAHB) index will be overshadowed by President-elect Joe Biden's inauguration that will get all of the attention. Heading into Thursday and Friday, we'll see a slew of economic data released, including existing home sales. The earnings schedule next week, on the other hand, is loud and full of action as we dive right into earnings.

Please note that the U.S. stock market will be operating on a shortened schedule next week. The Nasdaq and New York Stock Exchange will both be closed on Monday, Jan. 18, in observance of Martin Luther King Jr. Day. A normal trading session will resume on Tuesday, Jan. 19, starting at 9:30 a.m. ET. 

All economic dates listed here are tentative and subject to change.

Make the Most of the next Expiration Week Countdown!


 




 
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