United States stocks trending higher day after ending in the red
United States stocks trendin...
Subscribe to Newsletter

United States stocks trending higher day after ending in the red

4 February 2022
3281
1 min.
12
United States stocks trending higher day after ending in the red

The market on Friday

U.S. stock indices were trending higher again Friday morning as the week will end with one day of fourth-quarter earnings reports.

Today's morning reports include reports from Regeneron Pharmaceuticals, Bristol-Myers Squibb, Royal Caribbean Cruises and Aon.

The technology-focused Nasdaq composite fell 3.7%, the biggest drop since September 2020, closing at 13,878.82. The Dow Jones Industrial Average, which does not include metaplatforms, fell 1.5% to 35,111.16 points.

Shares of smaller companies also fell. The Russell 2000 index lost 38.48 points, or 1.9 per cent, to 1991.03 points.

The social network Twitter, which fell 5.6 per cent, suffered a sharp fall. Snapchat's parent company Snap fell 23.6% and Pinterest fell 10.3%. Snap soared 54% and Pinterest climbed 28% after the sale after each reported better-than-expected results. Amazon jumped 18% in after-hours trading after posting strong fourth-quarter results, despite supply chain issues.

Large technology and communications companies have played a big part in boosting profits for the broader market throughout the pandemic and much of the recovery in 2021. other high value growth stocks are relatively less attractive.

The major Wall Street indices continue to show weekly gains, helped by strong earnings reports from companies such as Apple, ExxonMobil, UPS and Google's parent company Alphabet.

In other trading, US benchmark crude rose 40 cents to $90.67 a gallon after rising $2.01 to $90.27 a gallon on Thursday.

Brent crude, which is the basis for oil pricing worldwide, rose 28 cents to $91.39 a gallon.

Companies12 in the news

Section:
Rating companies
Instagram
15 Mention
Tesla
14 Mention
Netflix
14 Mention
JP Morgan Chase
11 Mention
Amazon
10 Mention
Ford Motor Company
10 Mention
TikTok
8 Mention
White House
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8132934118
Died this year
28156888
Born this year
69270928