
As of the opening, the Dow was down 168.58 points at 34,556.89, or 0.49 percent; the NASDAQ was up 49.9 points at 13,820.47, or 0.36 percent; and the S&P 500 was down 5.85 points at 4426.00, or 0.13 percent.
In tech stocks, Apple fell 0.08%; Facebook fell 0.06%; Amazon rose 0.55%; Microsoft rose 0.2%; Google rose 0.68%; Netflix rose 4.61%; Tesla rose 3.05%.
In terms of Chinese stocks, Alibaba rose 2.63%; Baidu rose 1.45%; JD.com rose 3.61%; NetEase rose 1.86%; Sina Weibo rose 5.11%; Pinduoduo rose 2.64%; Weilai rose 4.26%; iQiyi rose 2.29%; Xunlei rose 1.78%; Momo rose 1.25%; Huya rose 2.71%; Bilibili rose 3.86%.
Goldman Sachs: There is a risk of further correction in US stocks
David Kostin, a strategist at Goldman Sachs, said he sees downside risks to U.S. stocks. It's also one of the increasingly pessimistic voices on Wall Street.
In a report today, Coustin said he predicted the S&P 500 would reach 5100 points by the end of the year, but the stock market "appears to be a downside risk." He said risks are intensifying, including the prospect of four rate hikes this year (Goldman Sachs only expected two when it initially released its 2022 outlook) and the "mixed" performance guidance given by companies so far in the earnings season.
Meanwhile, Morgan Stanley strategist Michael Wilson, known for his more pessimistic view of the market, today predicted a further correction in the stock market. Wilson called last week's sharp swings in the stock market "typical bearish behavior" and said: "We are still not optimistic that the stock market will rebound and believe that the fair value of the S&P 500 is still close to 4,000 points." ”
JPMorgan Chase: The dollar rally will continue until the Fed starts raising interest rates
Daniel Hui, executive director of JPMorgan's global FX strategy, said there is still a lot of room for the dollar to rally and "the market will still be in some sort of price discovery pattern." The dollar usually peaks a month or two after the Fed raises interest rates. ”
Company News
Netflix and co-CEOs increased their holdings by $20 million
Regulatory filings from the U.S. Securities and Exchange Commission (SEC) show that streaming giant Netflix co-CEO Reed Hastings added 51,440 shares of Netflix stock worth up to $20 million on Thursday and Friday through a series of small trades at a price of $376.43 to $393.55.
Novavax rose more than 6% ahead of the session to reach an agreement with Israel to supply COVID-19 vaccines
Israel's health ministry said on Friday that Israel had signed an agreement to buy 5 million doses of the COVID-19 vaccine from Novaks. The ministry of health said the vaccine would arrive in Israel in the coming months, but still needed regulatory approval.
Vodafone has teamed up with chip suppliers such as Intel to design chips for OpenRAN networks
Vodafone has teamed up with Intel and other chip vendors to design proprietary chip architectures for emerging OpenRAN network technologies. Vodafone said about 20 chip supply chains have joined the project, including Qualcomm, Broadcom, Arm and Lime Microsystems, half of which are from Europe.
Streaming giant Spotify responded to the CORONAVIRUS disinformation controversy by announcing new rules for content release
Spotify said it is working to add alert alerts to any podcast on its platform that discusses Covid-19. CEO Daniel. Daniel Ek said the new feature will direct users to real information about COVID-19.
Bezos's ex-wife reduced her holding of 2.5 million shares in Amazon last year and cashed out $8.5 billion
Amazon founder Jeff Bezos's ex-wife, Mackenzie Scott, lost 2.5 million shares last year and sold $8.5 billion in Amazon shares. She still holds 14.9 million shares, which is still worth $42.9 billion at the closing price of $2879.56 on Friday, January 28.
Credit Suisse is accused of allegedly facilitating a money laundering case or being claimed $45.5 million
Swiss prosecutors are claiming about 42.4 million Swiss francs ($45.5 million) from Credit Suisse in a money laundering case that will go to trial on Feb. 7, the Swiss Federal Criminal Court (FCC) said Monday. Credit Suisse said the company "unreservedly rejects all allegations made on legacy issues, considers them baseless and is convinced that its former employees are innocent." The bank told the media that it would actively defend itself in court.
Ryanair lost 96 million euros in the third fiscal quarter
Ahead of Market Hours EST on Monday, Ryanair reported its fiscal third quarter ending December 31, 2021. Ryanair lost 96 million euros in the third fiscal quarter, compared with market expectations of a loss of 101 million euros, according to the data. Ryanair reiterated on Monday that it expects losses of between 250 million and 450 million euros in fiscal 2021 (ending March 31, 2022).
Shell began trading on a single-share structure
Shell began trading on a single-share structure on Monday after the energy giant confirmed that it would assimilate A-shares and B-shares over the weekend as part of a plan to streamline its two-tier structure. Previously, Shell moved its headquarters from the Netherlands to the United Kingdom and removed the title "Royal Dutch" from its name.