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US markets finish Tuesday’s session in negative territory


Relevance up to 12:00 2022-01-27 UTC+00

On Tuesday, US stock market indexes closed in negative territory due to losses in the technology, consumer services and utilities sectors. The Dow Jones Industrial Average lost 0.19%, the NASDAQ declined by 2.28%, and the S&P 500 decreased by 1.22%.

The markets are awaiting the results of the Federal Reserve meeting that began yesterday. The Fed is expected to raise the interest rate to tackle the soaring inflation.

Investors are also concerned by growing tensions over Ukraine. A possible armed conflict in the region could seriously influence energy prices.

On the Dow Jones, the biggest gainers of the session were American Express Co., International Business Machines, and Chevron Corp, which gained 8.92%, 5.65%, and 4.25% respectively. The Biggest losers included Inc., Microsoft Corp, and Walgreens Boots Alliance Inc., which declined by 3.43%, 2.66%, and 2.65% respectively.

On the S&P 500, the top performers were APA Corp. (8.28%) and Occidental Petroleum Corp. (8.12%), while the worst performers were Nextera Energy Inc. (-8.33%), Monolithic Power Systems Inc. (-6.75%), and Paycom Soft (-6.7%).

The top performers on the NASDAQ Composite were Sierra Oncology Inc., Aptorum Group, Ltd. Class A, and Exela Technologies Inc., which gained 46.23%, 38.89%, and 32.95% respectively. The stocks with the biggest losses were Integrated Media Technology, Ltd. (-21.79%), Yoshitsu Co., Ltd. AD (-16.42%), and AgileThought Inc. (-15.94%).

Declining stocks outnumbered rising ones by 1844 to 1445 on the New York Stock Exchange. On the Nasdaq Stock Exchange, 2306 stocks fell and 1585 advanced.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, went up by 4.21% to 31.15 – a new 6-month high.

The share price of Occidental Petroleum Corp. reached its all-time high, rising to 36,77. Chevron Corp. stock increased to a 3-year high, reaching 132.59. Among other equities, Paycom Soft fell to a 12-month low of 304,44. Yoshitsu Co., Ltd. AD and AgileThought Inc. also declined to all-time lows, closing at 3.92 and 4.270 respectively.

Gold futures gained 0.35%, reaching $1,848.10 per ounce. The price of West Texas Intermediate crude oil rose by 2.2% to $85.14 per barrel, while Brent lost 0.06% to trade at $86.86 a barrel.

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