STOCKS/ECONOMY
-Stock futures are flat after Thursday's 126-point loss for the Dow, 0.4 percent gain for the S&P 500, and a 0.5 percent rise for the Nasdaq. Investors are reacting passively to this morning's January jobs report.
-The jobs report showed a net gain of 143,000 vs. an expectation of 169,000 net new jobs. compared to the 254,000 jobs added in December.
-The yield on the 10-year Treasury bond is at 4.48 percent.
-Gold is up to the $2,887 per ounce level. Bitcoin is at the $98,700 level.
-Asian markets closed mostly higher today. The Hang Seng rallied 1.2 percent higher, the Shenzhen rose 1.8 percent, and the Nikkei lost 0.7 percent.
OIL/ENERGY
-U.S. crude prices are up but still at the $71 a barrel level.
-Gasoline prices are up to $3.14 a gallon, national average.
EARNINGS SCORECARD
-Pinterest (PINS) reported better than expected quarterly revenues. Its shares are soaring 21 percent higher in the premarket.
-E.l.f. Beauty (ELF) issued weaker than expected forward earnings guidance. Its shares are sinking 22 percent down in the premarket.
EV MANIA
-Tesla (TSLA) sales in China fell 11.4 percent in January as more competition hit the national market. Tesla shares are down 1 percent in the premarket.
GAMER WORLD
-Take Two Interactive (TTWO) gave updates about the timing of new video game releases, including saying that Grand Theft Auto VI will come out this fall. Its shares are up 7 percent in the premarket.
Dow flat
jobs 143K revisions higher for the last couple of months
social media creates steroid like reactions (tiktok effect or twitter
tesla sales in chine fell 11.4% in January (market is protecting)
-Pinterest (PINS) reported better than expected quarterly revenues. Its shares are soaring 21 percent higher in the premarket.
-E.l.f. Beauty (ELF) issued weaker than expected forward earnings guidance. Its shares are sinking 22 percent down in the premarket.
Share this post