Forex Analysis & Reviews: 19.01.2022 - American premarket on...

19.01.2022 02:18 PM

American premarket on January 19: Goldman Sachs report brought down the Dow Jones index. Bank of America and Morgan Stanley will report today

US stock index futures rose slightly on Wednesday after another sell-off, which was observed on Wall Street yesterday, caused not only by rising bond yields but also weak corporate reports. Dow Jones futures rose 40 points after falling more than 200 points a day earlier. The S&P 500 gained 0.17% and Nasdaq 100 futures declined 0.23%.

Data on the volume of construction permits issued and the number of new foundations laid in the United States are expected today. Economists predict a decline in indicators, but the expected increase in interest rates in the United States may lead to increased demand for real estate at the beginning of this year. The data is released so far for December.

The yield of government bonds has increased slightly at the moment: 2-year bonds have reached the level of 1.06%, and the benchmark 10-year Treasury bonds show a yield of 1.89%.

As noted above, yesterday the Dow Jones industrial average lost more than 540 points due to a sharp decline of 7% in Goldman Sachs shares. The Wall Street bank did not meet analysts' profit expectations, as operating expenses increased by 23%. At the moment, the shares have recovered slightly in the premarket, rising by almost 0.5%. The S&P 500 also declined by 1.8%. The technological Nasdaq Composite dropped 2.6% altogether. The index closed at its lowest level in three months, as investors fear a more active interest rate hike by the Federal Reserve. It is worth noting that the yield of two-year bonds, which now exceeds the 1.0% mark, means that the market agrees with the Fed's position that more aggressive changes in monetary policy are needed.

According to Goldman Sachs executives, payroll expenses in the 4th quarter rose sharply by 33% to $ 17.7 billion in 2021, which is $ 4.4 billion more. This has brought the average payout per employee to about $ 404,000 in 2021, up from $ 329,000 in 2020. However, the average salary of employees is distorted due to record millions of payments and bonuses to highly paid employees, while most employees earn significantly less.

Bank of America and Morgan Stanley will report today. No less attention will be paid to Procter reports & Gamble, US Bancorp, UnitedHealth, and United Airlines.

Morgan Stanley - The financial giant is expected to report fourth-quarter earnings before the opening of trading. Economists forecast earnings of $ 1.91 per share, which is 5.4% higher than a year earlier. Revenue is projected at $ 14.6 billion, which is 7% higher than a year earlier.

Bank of America is also due to report fourth-quarter earnings. Earnings of 76 cents per share are expected, which is 29% higher than a year earlier. Revenue should grow to $ 22.2 billion, which is 10% higher than a year earlier.

In the fourth quarter, JPMorgan Chase, Goldman Sachs, and Citigroup announced a sharp increase in costs, which is partly due to an increase in wages. As noted above, Goldman Sachs has already pulled the indices down yesterday. Let's see how other banks will respond.

As for the premarket, Sony shares fell especially strongly by 4.7%. It happened the day after Microsoft announced the purchase of video game publisher Activision Blizzard for almost $ 70 billion. PlayStation and Sony compete with game consoles.

As for the technical picture of the S&P 500

Bulls need to try very hard to return to the level of $ 4,598, near which the main trade is currently being conducted. In case of a breakout and consolidation above this range, we can count on bullish momentum and the recovery of the trading instrument to a larger resistance of $ 4,665 - this will open up the possibility of updating the levels of $ 4,722 and $ 4,818 in the near future. If trading remains below $ 4,598, as well as weak reports from Morgan Stanley and Bank of America, it is best to be patient and wait for the index to decline to larger supports: $ 4,536 and $ 4,470.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Stock Markets

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

S&P 500：從狂熱到崩盤

3月24日美國股市：受到關稅消息影響，SP500和NASDAQ進一步走強

美國市場試圖反彈。美國可能對伊朗進行打擊的前景支撐了油價

3月21日股票市場展望：S&P 500 和 NASDAQ 再次承壓

美國市場處於整合階段。川普尋求參議院支持對伊朗進行打擊

聯邦儲備局向股市拋出救生圈

美國市場上揚，因聯邦儲備委員會保持利率不變

3月20日美國股市：標準普爾500指數和納斯達克指數重獲穩定

2025年3月20日標普500指數預測

美國市場概覽：增長後的回調。焦點在於聯準會。預期不會有利率變動

Top analytics