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The New York Dow Jones Stock Exchange closed slightly on Friday (January 26), while investors kept their eyes on the earnings of publicly traded companies. Including the results of the Federal Reserve (Fed) monetary policy meeting, which will be announced today at US time. Or early morning Thai time Investors are waiting to see if the Fed will continue to buy bonds after quantitative easing (QE) in the amount of $ 1.2 billion a month.
The Dow Jones Industrial Average closed at 30,937.04, a decrease of 22.96 or -0.07%, while the S & P500 closed at 3,849.62, a decrease of 5.74 or -0.15% and the Nasdaq closed at 13,626.06, down 9.93 or -0.07%.
Analysts at Georgia-based Invesco said: Even the market was boosted by the latest earnings from publicly traded companies. This includes 3M companies, but concerns about the impact of the COVID-19 virus. And the uncertainty of the economic direction Keep private companies concerned about future business prospects
Six of the 11 stocks calculated on the S & P500 index closed in negative territory last night. The energy sector index fell as much as 2.12 percent after the price of WTI crude fell 2.09 percent, Chevron shares fell 1.68 percent, ExxonMobil shares fell 2.18 percent and Halliburton 2.31 percent.
Shares of 3M, one of 30 stocks used to calculate the Dow, rose 3.26 percent after the company posted a 4Q20 net profit of $ 1,389 billion, or $ 2.38 / share, compared to to $ 969 million, or 1.66. same period of 2019
3M’s performance was driven by its cost reduction policy. In addition to benefiting from the sales of masks, hand sanitizers and safety masks. During the coronavirus Pandemic
Johnson & Johnson (J&J) shares rose 2.73 percent after the company posted a profit of $ 1.86 per share in 4Q20, more than analysts had forecast of $ 1.82 per share. . Johnson & Johnson will release the results of a COVID-19 vaccine test this week. after a phase III vaccine trial in 45,000 volunteers.
Shares of General Electric (GE) rose 2.73 percent after the company posted 4Q20 revenue of $ 21.9 billion. This was higher than what analysts expected of $ 2.183 billion, but the company posted a profit of just 8 cents a share, lower than what analysts expected of 9 cents a share.
Investors watched the gains of other publicly traded companies this week, including Apple, Microsoft, Boeing, Netflix and Tesla.
Investors are also waiting to see the outcome of the Fed’s monetary policy meeting, which will be announced today. Or tomorrow morning Thai time Analysts expect the Fed to continue to hold interest rates at 0.00-0.25%, while the market has watched if the Fed will continue to buy bonds after the $ 1.2 thousand quantitative easing (QE) million per month. Amid the spread of the COVID-19 virus in the US
For the latest US economic data released last night. The S&P Corlogic Case Chiller survey showed that the US national house price index rose 9.5 percent in November compared to the same period last year. What is the biggest adjustment in more than 6 years
The Conference Board, an economic research institute, said the US consumer confidence index rose to 89.3 in January, from 87.1 in December and above analysts’ expectations. At 89.0, the US Consumer Confidence Index is a survey of consumer prospects. And confidence in current economic conditions and for the next 6 months, personal financial status AND employment
Other US economic data to be released this week includes: Durable Goods Orders for December, Weekly Unemployment Claims, Gross Domestic Product (GDP) Q42020 (Preliminary Estimates), New Home Sales in December, Price Index of usage Pay for personal consumption (PCE) in December, pending home sales in December and the January consumer confidence index from the University of Michigan.
