Forex Analysis & Reviews: 07.02.2022 - US premarket on February 7:...

07.02.2022 02:25 PM

US premarket on February 7: US stock market starts week slightly down

US stock index futures traded slightly lower on Monday morning after the S&P index showed its best week since January 1, 2022. This was supported partially by quarterly earnings reports and a strong US jobs report for January of this year which has exceeded expectations of economists. Dow Jones index futures contracts decreased by 51 points or 0.16%. The S&P 500 and Nasdaq 100 futures were down only slightly.

As for Friday's regular trading session, the S&P and Nasdaq Composite rose, showing the fifth positive session in the last six trading days. The Dow index fell by 0.06% but managed to show an increase of 1.05% for the week.

Investors will continue to monitor the reports to be released this week, although their volume is gradually declining. Among the Dow Jones components, Disney and Coca-Cola are of interest. Amgen, Take-Two Interactive, and On Semiconductor will release their statements today.

At the moment, 56% of S&P 500 companies have released their quarterly earnings reports, with 79% beating estimates and 77% beating earnings expectations. Inflation news will be more important. The US Department of Labor on Thursday will release data on the Consumer Price Index for January. Inflation is expected to increase by 7.2% on a yearly basis, which is the fastest hike since February 1982.

Against this backdrop, the US stock market is preparing for a response from the Federal Reserve. At the moment, markets are estimating a roughly 35% chance that the Federal Reserve will raise its key short-term interest rate by half a percentage point, or 50 basis points, as early as March 2022.

As for government bond yields, they were almost unchanged on Monday after rising sharply on the back of an unexpectedly strong January 2022 US nonfarm payrolls report. The yield on the 10-year bond is currently around 1.92%. According to the US Labor Department, 467,000 jobs were created in January, far more than economists had expected.

As for the premarket, there is high activity in Peloton stock, which rose on Monday after reports that Amazon and Nike may buy the manufacturer of interactive fitness equipment. The stock is already up by 25%.

Spotify slumped by 1.3% after the company said it disapproved of scandalous podcast host Joe Rogan for his racist statements, but would not remove his podcasts from the website. A number of American and non-American artists have previously asked Spotify to remove their music in protest against Rogan.

As for last week's gainers and fallers: Amazon stock jumped by 13.5% on Friday, and Snap stock skyrocketed by 58.8%. Facebook-Meta plummeted by 26% on Thursday after its quarterly report.

In general, investors continue to sell news and the market becomes more selective. There will be no more new cheap money, so high volatility will gradually return to normal. For now, however, the bear market will remain so, as it needs to find a firm bottom before the next jump to new all-time highs.

As for the technical picture of the S&P500

Today we may see another decline to $4,449, which may lead to increased demand and an attempt by buyers of the index to reverse the market and break through $4,536, which they failed to do last Friday. That would take the pair down to $4,598. A breakthrough that range would open a path to $4,665 and $4,722. If the price falls below $4,449, the pressure may return very quickly. In that case, we might see a decrease to $4,378.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Stock Markets

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

無法回頭：市場崩解，美國進入熊市階段

全面的市場劇變：美元、石油、S&P 500以及大型科技股全面崩盤

4月7日美國股市回顧：SP500和NASDAQ在新的一週開盤大幅下跌

美國股市最新消息。川普的關稅政策導致美國股市暴跌。經濟衰退可能性存在，但當前的市場報價非常適合購買。

股票大幅下跌，因全面關稅增加經濟衰退風險

4月4日美國股市：標普500和納斯達克遭受重創

美國股市最新情況：特朗普以關稅衝擊全球貿易，導致市場崩盤

4月2日股票市場：S&P 500與NASDAQ創下年度新低

儘管有關稅的擔憂和經濟疲軟，美國市場仍顯示出韌性

4月2日美國股市更新：SP500 和 NASDAQ 在關鍵事件前重拾走勢

Top analytics