Monday Market Must-Knows: January 29, 2024

Last week marked a positive trend in major market indexes, with NASDAQ, S&P, and Russell closing higher. Crude oil saw significant upward movement, breaking out of a consolidation phase. Airlines soared on strong earnings, contrasting Tesla's slump due to poor performance. 

 

This week's earnings calendar is packed, featuring Microsoft, Google, AMD, Pfizer, UPS, Starbucks, Apple, Amazon, Meta, and more. 

 

Notable central bank events include the Federal Reserve's rate announcement and press conference on Wednesday and the Bank of England's rate statement and NPC bank rate votes on Thursday. 

 

Jobs data includes JOLTS job openings, ADP non-farm employment changes, unemployment claims, and the unemployment rate with nonfarm employment changes. 

 

While the week offers trading opportunities, caution is advised, especially during the high volatility expected around major tech companies' earnings on Wednesday and Friday.

 

As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!