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@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.
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