Stock Groups

5 things to know before the stock market opens Monday, Jan. 24

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These are the top news, trends, and analyses that traders need in order to get started with trading.

1. Wall Street will open lower following the worst week of March 2020 for Nasdaq

Traders at the NYSE floor, January 21, 2022.

Source: NYSE

U.S. stock futures dropped Monday, indicating more losses to start the new week following the Nasdaq’s and the S&P 500’s worst weeks since March 2020Just after the declaration of the Covid pandemic, Last week, NasdaqLost 7.6%, and the S&P 500Losing 5.7% over the course of four and three weeks, respectively. These were the results of The Dow Jones Industrial AverageThe Nasdaq lost 4.6% last Week, the worst week since October 2020. This was also its third weekly decline. Nasdaq fell 14% on November records, putting it in correction territory. The S&P 500 and the Dow were down 8% and 7% from their record closes earlier this month.

2. Fed meeting this week, tightening movements in focus and inflation rising

Marriner S. Eccles Federal Reserve in Washington, D.C., U.S.A on Sunday, December 19, 2020

Getty Images| Bloomberg | Getty Images

It 10-year Treasury yieldMonday saw a retreat from January 2020’s peak, which was seen last week. Ten-year yield was around 1.7%After reaching 1.9% Wednesday, investors focused their attention on the Federal Reserve. timelineFor raising interest rates, and tightening monetary policies as inflation continues to rise. Two-day meeting of the Fed in January is held Tuesday and Wednesday. In March, the Fed is set to announce the first of four rate increases this year.

3. The world’s top two cryptos, Bitcoin and ether have been cut in half by 2021

Two of the most well-known cryptocurrencies are bitcoin and ether.

NurPhoto – Getty Images| NurPhoto | Getty Images

The cryptocurrency market has witnessed tremendous growth. around $130 billion in value erasedOver the last 24 hours, major digital currencies continued to sell off. According to Coin Metrics on Monday, Bitcoin was at its lowest level since July 2021, falling 5% to $33,000. BitcoinIt was only about half of its November record-breaking high. EtherThe price of Ether plunged 9 percent to $2,200. This is its lowest point since July. Ether dropped more than 50% since its all-time November 2021 high.

4. Kohl surges when takeover offers from Sycamore and other suitors are made

People are shopping at Kohl’s Department Store during the coronavirus pandemic in San Francisco (California), September 5, 2020.

China News Service – Getty Images| China News Service | Getty Images

Kohl’sPremarket trading Monday saw shares rise more than 26%, to $59 each share. The department store chain has begun fielding orders takeover offers from at least two suitors. According to people who are familiar with this matter, Sycamore, an equity company, would pay at most $65 per Kohl’s share. According to sources familiar with the matter, Sycamore’s offer came just two days after Acacia Research was backed by Starboard Value activist investment firm. Starboard Value offered $64 per Kohl’s share.

5. Blackwells is an activist investor who calls upon Peloton for the resignation of its CEO and to explore the possibility of a sale

One person walks by a Peloton store in Coral Gables on January 20, 2022.

Joe Raedle | Getty Images

Blackwells Capital, activist investor is calling for PelotonJohn Foley to his death seek a sale of the company. As it struggles with changing demand and supply dynamics, Peloton’s stock fell more than 80 percent from its high. This is after experiencing an early surge in sales. Blackwells Capital holds a less than 5 percent stake in Peloton. Peloton fell about 1% during Monday’s premarket.

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