Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended Jan. 24, 2020
Posted Under: Weekly Market Commentary

 
The widening outbreak of the coronavirus rattled investors, leading to the biggest weekly decline in the S&P 500 since August. The virus has led to 80 deaths in China and five cases have been reported in the U.S. Investors worry a breakout like the SARS virus could lead to a global slowdown. With earnings season in full swing for financials, American Express Co. guided above most analysts' estimates after increasing benefits on some cards and predicting "more rational" value propositions from key competitors. By contrast, Discover Financial Services tumbled after announcing a large increase in spending in the coming year on marketing and technology to mitigate loan losses. Citizens Financial Group moved lower amid a mixed quarter as net interest income remained relatively flat on lower interest rates. In other earnings announcements, shares of Intel Corp. were a bright spot on robust growth from PC and data center processors. International Business Machines Corp. gained after reporting an increase in quarterly sales, snapping a long streak of shrinking revenues. Looking ahead to next week, investors will be watching the spread of the coronavirus and a number of key earnings announcements including Apple Inc., Starbucks Corp. and 3M Co. Economic news will also be center stage with the first reading of fourth-quarter GDP and the Fed's January meeting.
Posted on Monday, January 27, 2020 @ 9:42 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS


 PREVIOUS POSTS
US Economy and Credit Markets Ended Jan. 24, 2020
Every Year Looks Volatile Compared To 2017
Going with the Flow. Does it Make Sense?
Passive vs. Active Fund Flows
US Stock Markets Ended Jan. 17, 2020
US Economy and Credit Markets Ended Jan. 17, 2020
The Only Constant Is Change
Trump Rally (11/8/16-1/10/20) vs. Trump Tariffs (3/8/18-1/10/20)
US Stock Markets Ended Jan. 10, 2020
US Economy and Credit Markets Ended Jan. 10, 2020
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.