Company / Analytics

Analytics, 22 January 2023

Week 03 in brief

North America

US stocks closed higher on Friday as quarterly earnings from Netflix and Alphabet announcing job cuts drove their respective stocks higher, driving a more than 2% rise on the Nasdaq. Netflix Inc shares jumped 8.46% as the streaming company added more subscribers than expected in the fourth quarter and said co-founder Reed Hastings was stepping down as chief executive.

The Friday rise broke a three-session losing streak for the S&P 500 and Dow. These gains were however not enough to offset losses from earlier in the week as both indices ended the week in losses.

How did the major indices perform? On Friday:

For the week:

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

In the coming week, earnings season could enter one of its busiest weeks with reports from some of the largest companies in the world. We can expect earnings from Microsoft, Johnson & Johnson, Tesla, AT&T, Verizon, Boeing, IBM, Visa, and Mastercard, among others. On Tuesday, S&P Global will release its Composite PMI for January, gauging business activity across the U.S.

On Thursday, the Bureau of Economic Analysis (BEA) will issue the advance estimate for fourth-quarter gross domestic product (GDP), followed by its Personal Consumption Expenditures (PCE) Price Index for December on Friday. The latest updates on the housing market will include new and pending home sales for December.

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