By Dhirendra Tripathi

Investing.com – Stocks lost some of their gains Thursday due to tech stocks and a slowing Peloton.

CNBC reports that the exercise equipment manufacturer will cease production for its most popular treadmills and bikes in a matter of weeks. CNBC reported that shares plunged 20% due to this.

In the meantime, bonds yields have halted their steady climb up to new pandemic-era heights. On Wednesday, the Nasdaq fell into correction territory and later went red.

Petroleum prices have also reached seven-year records.

It is fast approaching the peak earnings season. While banks showed strength in wealth and consumer management, they struggled with some areas of capital markets. Tonight’s tech earnings will be announced by Netflix.

Inflation has been a concern for investors in the past weeks. Investors are expressing concerns that strong Federal Reserve actions will be necessary to address this issue. It is anticipated to raise interest rates at least four more times this year. The Omicron virus variant of coronavirus appears to have hit a plateau, with many places lifting the restrictions that had been imposed in order to stop its spread.

Three things could impact the market in tomorrow’s future:

1. Peloton Production

Pandemic dreams Peloton Interactive Inc CNBC reports that the company would suspend production on its most popular fitness equipment because of slowdowns in demand led to (NASDAQ: ) being hammered in the stock market. It traded lower than its IPO value of $29 a piece and was likely to be subject to additional scrutiny Friday.

Peloton intends to stop producing its bikes for two months from February to March. CNBC said this, citing documents. This stoppage is just one month after Peloton suspended production on its Bike+ from December to June.

2. Netflix Earnings

The streaming giant is the first of the FANG gang to report this quarter, and will do so after tonight’s closing bell. For the three months ended in December, Netflix Inc (NASDAQ:) has forecasted 8.5 million net new subscribers and a 16% gain in revenue to  $7.7 billion. Analysts expect 8.3 million net new subscribers and $7.7 trillion in revenue.

3. American Airlines

American Airlines Group Operating revenue increased more than twice to $9 billion (NASDAQ:), as more freight and passengers were flown by the airline. It was $1.42 less than last time, and narrower than predicted. This was despite the fact fuel and related taxes increased more than three times in the fourth quarter compared to a year ago, reaching $2.2 billion.

It continues to operate at levels below those that existed before the pandemic. The carrier expects January-March capacity to drop between 8% and 10% when compared with the same period last year. 

–Investing.com staff and Reuters contributed to this report