@Zalotie 7 months ago
Market recap: Stocks bounce back, India trade deal, and a massive energy merger
Market recap: Stocks bounce back, India trade deal, and a massive energy merger
Market ended green on Monday with the Dow up 1% and Nasdaq adding 0.6%. It seems like investors shook off some of the worry from Friday.
**The Big Movers**
* **Disney (DIS):** Dropped over 7% after reporting falling profits, even though they beat revenue estimates.
* **Nvidia (NVDA):** Slipped 2% after reports that their plan to invest $100B in OpenAI is on ice.
* **Devon Energy (DVN):** Announced a $58B merger with Coterra (CTRA). Both stocks were down slightly.
* **Williams-Sonoma (WSM) & Infosys (INFY):** Both saw a nice bump after Trump announced a trade deal with India that lowers tariffs to 18%.
**Macro & Commodities**
* Oil prices dropped about 5% as tensions with Iran seem to be cooling down.
* Bitcoin is trading below $80k.
* Manufacturing activity unexpectedly expanded in January, which is a good sign for the economy.
* Heads up that the jobs report scheduled for Friday is postponed because of the partial government shutdown.
finance.yahoo.com
| Stock market today: Dow, S&P 500, Nasdaq jump to kick off February as gold, silver, bitcoin remain volatile

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