This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Stocks Close Lower at End of Choppy Trading Day
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Stocks Close Lower at End of Choppy Trading Day
Markets

Stocks Close Lower at End of Choppy Trading Day

Editorial Board Published February 7, 2022
Share
Stocks Close Lower at End of Choppy Trading Day
SHARE

The S&P 500 edged lower Monday after waffling between small gains and losses, continuing a volatile stretch for the stock market.

The broad stock-market gauge slipped 16.66 points, or 0.4%, to 4483.87. The Nasdaq Composite declined 82.34 points, or 0.6%, to 14015.67. The Dow Jones Industrial Average closed at 35091.13, roughly flat from the prior session.

Stocks have had a turbulent start to the year, amplified in recent days by extreme moves in big tech stocks. Last week saw a record-breaking decline in Meta Platforms shares and the biggest rise since 2015 for Amazon.com shares, after the companies posted quarterly results. Friday’s better-than-expected jobs report also turned traders’ attention back to central-bank policy, which is set to tighten as the economy continues to recover.   

On Monday, the S&P 500 and Nasdaq wavered through the day before turning negative in the afternoon, dragged lower by some of those heavyweights and other tech companies.

Meta lost $12.18, or 5.1%, to $224.91. Netflix shares lost $8.07, or 2%, to $402.10. Amazon continued to rise, adding $5.92, or 0.2%, to $3158.71. The moves continue a recent divergence in so-called FAANG stocks that have led investors to shift how they trade the hot tech group.

Some investors said they weren’t deterred by the latest volatility in tech. The group rose at some points during the day, though the gains later lost steam.

“We’ve been taking advantage of some volatility,” said Mike Bailey, director of research at FBB Capital Partners. “We’ve been adding to some of the tech names during the past few weeks.”

The trading in recent weeks has been marked by big intraday reversals. Some analysts said the latest earnings season has helped draw investors back into the market in recent sessions. Last week, the S&P 500 capped off its best week since December after several twists and turns.

“We think the earnings season has been pretty constructive,” said Greg Boutle, head of U.S. equity and derivative strategy at BNP Paribas.

Companies scheduled to post results this week include Pfizer and KKR on Tuesday and Uber Technologies and Walt Disney on Wednesday.

Despite the recent rebound, it’s been hard to impress investors this earnings season. Companies that are beating estimates are performing worse than they had historically, while those that are missing estimates are being punished, JPMorgan Chase & Co. strategists wrote in a note to clients Monday. This is one of several signs that investors have grown overly bearish in recent weeks, according to JPMorgan’s Marko Kolanovic.

“As overly bearish sentiment clears, we expect the market to lift,” Mr. Kolanovic said.

The monthly jobs report reveals key indicators about the labor market and the overall state of the economy, but it doesn’t show the entire picture. WSJ explains how to read the report, what it shows and what it doesn’t. Photo illustration: Liz Ornitz

In corporate news, Peloton shares soared 21% after The Wall Street Journal reported that the stationary-bike company was drawing interest from Amazon and other potential suitors. Spirit Airlines added 17% after it said it was merging with Frontier Group.

Tyson Foods climbed 12% after it said it expected its sales for the year to be at the upper end of its guidance. Hasbro slipped around 1% after reporting revenue and profit that beat Wall Street’s estimates.

In the bond market, the yield on the 10-year Treasury note settled at 1.915%, down from 1.930% Friday. The 10-year Treasury yield has been hovering near its highest levels of the year as investors have bet on a series of interest rate increases in coming months.

“Markets have been repricing, as seen in the move up in yields, but I think we’re arriving at a point where it’s difficult to price in a much more hawkish outlook than we have today. We could now see a bit of stabilization,” said Esty Dwek, chief investment officer at FlowBank.

Friday’s better-than-expected jobs report turned traders’ attention back to central-bank policy, which is set to tighten as the economy continues to recover.

Photo: David L. Nemec/Associated Press

Overseas, the pan-continental Stoxx Europe 600 added 0.7%.

In Asia, major benchmarks were mixed. The Shanghai Composite Index climbed 2%, reopening after China’s New Year holiday week, despite a private gauge of China’s services sector slipping to a five-month low. The gain was its best one-day rise since May.

Hong Kong’s Hang Seng Index closed roughly flat and Japan’s Nikkei 225 declined 0.7%. 

-Dave Sebastian contributed to this article.

Write to Anna Hirtenstein at [email protected] and Gunjan Banerji at [email protected]

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:MarketsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Green Startups Stumble, Accelerating Selloff of Risky Stocks Green Startups Stumble, Accelerating Selloff of Risky Stocks
Next Article SEC Subpoenas Tesla Seeking Information Linked to Musk Settlement SEC Subpoenas Tesla Seeking Information Linked to Musk Settlement

Editor's Pick

Trump admin slams China’s ‘world energy seize’ on uncommon earths, threatens triple-digit tariffs

Trump admin slams China’s ‘world energy seize’ on uncommon earths, threatens triple-digit tariffs

Each Treasury Secretary Scott Bessent and U.S. Commerce Consultant Jamieson Greer slammed China on Wednesday, Oct. 15, 2025, for what…

By Editorial Board 4 Min Read
‘Deeply alarmed’: Home Democrats ship a letter to Protection Secretary Pete Hegseth
‘Deeply alarmed’: Home Democrats ship a letter to Protection Secretary Pete Hegseth

Ladies veterans in Congress and almost 100 Home Democrats are decrying the…

8 Min Read
Whirlpool CEO says Trump tariffs create ‘stage taking part in area’ for US manufacturing growth
Whirlpool CEO says Trump tariffs create ‘stage taking part in area’ for US manufacturing growth

Fox Enterprise' Lydia Hu joins 'Mornings with Maria' with Whirlpool CEO Marc…

5 Min Read

Oponion

Earth Day: How Trump’s environmental choices are affecting California

Earth Day: How Trump’s environmental choices are affecting California

It’s Earth Day on Tuesday. However for the primary time…

April 21, 2025

Hiring Hit Annual Record Despite December Slowdown

U.S. hiring moderated in December to…

January 7, 2022

The Sexiest Valentine’s Day Menu—In response to Science

Valentine’s Day is extra than simply…

February 4, 2025

Hulk Hogan Divorced: His Marriage Historical past With Sky Each day, Defined

Hulk Hogan is a divorced man,…

September 30, 2024

The Moccamaster Is Constructed for a Lifetime—and You Can Save $40 Proper Now

One of the prestigious honors we…

September 15, 2025

You Might Also Like

Nevada participant turns  guess into M jackpot on ‘Wheel of Fortune’ progressive slot machine
Markets

Nevada participant turns $3 guess into $1M jackpot on ‘Wheel of Fortune’ progressive slot machine

The Venetian Resort Las Vegas President and CEO, Patrick Nichols, particulars the resort's renovation mission, the mixing of the Sphere,…

4 Min Read
Past Meat, Walmart and a MEME ETF
Markets

Past Meat, Walmart and a MEME ETF

BlackRock U.S. Head of Fairness ETFS Jay Jacobs discusses third-quarter earnings stories, AI ETFs, Treasury yield projections and extra on…

3 Min Read
Merck breaks floor on B manufacturing plant in Virginia
Markets

Merck breaks floor on $3B manufacturing plant in Virginia

White Home Counselor for Commerce and Manufacturing Peter Navarro informed ‘Mornings with Maria’ that President Donald Trump’s tariffs will minimize…

4 Min Read
BlackRock’s bragging rights to quickest rising ETFs
Markets

BlackRock’s bragging rights to quickest rising ETFs

Buyers are plowing cash right into a broad swath of belongings placing the ETF trade within the driver’s seat of…

3 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?