美帝股评 US Market Summary 20230126

*US equities struggle for direction as Q4 earnings season heats up*

*26 January 2023*
Nasdaq 100 Index 11814.69, (-0.27%)↓
S&P 500 Index 4016.17, (-0.02%)↓
Dow Jones Indus Avg Index 33743.84, (0.03%)↑

US shares pared losses to end the session almost unchanged as investors continue digesting corporate earnings. The *S&P 500* is on track to have its best January since 2019. The *Dow* notched its 4th consecutive winning session. The *10-year Treasury yield* fell to around 3.44%. 6 of 11 sectors ended in the green, with *Financials* leading shares higher while *Utilities* led losses.

The *NYSE* attributed Tuesday's wild price fluctuations to a *manual error tied to the company's "disaster recovery configuration"*. Elsewhere, traders will be monitoring the *summary of opinions of the latest BoJ meeting* for any hints of further flexibility in its bond yield target. *Hong Kong markets* will also return from the Lunar New Year holidays.

All eyes will be on *preliminary Q4 GDP* and *Core Durable Goods Orders* set to be *released later today at 21:30 Singapore Time*. Investors will also be looking forward to the *Core PCE Price Index* data due *this Friday, 21:30 Singapore Time*; as well as the *Michigan Consumer Sentiment Index* on *Friday, 23:00 Singapore time*.

Financials led the market, with *US Bancorp (+5.31%)* and *Capital One Financial (+8.99%)* both up. *Microsoft (-0.59%)* fell after the software giant beat EPS estimates but missed revenue expectations, flagging slower growth in its cloud services business that would likely continue into the current quarter. *Boeing (+0.33%)* inched higher despite reporting a surprise loss. *AT&T (+6.58%)* jumped after reporting stronger than expected gains in wireless subscribers. After hours, *Tesla (5.32%)* surged after beating EPS estimates and forecasting 1.8M car deliveries this year. *IBM (-1.96%)* fell on smaller than expected jobcuts at 1.5% of the workforce, despite strong earnings and an upbeat annual sales forecast. *Chevron (+2.69%)* jumped after announcing a $75B stock buyback.