FANG

Market Performance: Major U.S. stock indexes closed lower on Monday, with the S&P 500 hitting a 2-week low and the Nasdaq 100 a 2.5-week low, influenced by concerns over AI spending and a drop in energy stocks due to falling crude prices.

Economic Indicators: Mixed economic data was reported, including a contraction in the Dec Empire manufacturing survey and a rise in the Dec NAHB housing market index, while weaker-than-expected Chinese economic news raised concerns about global growth.

Interest Rates and Fed Comments: Dovish comments from Fed officials suggested a less restrictive monetary policy, supporting T-note prices despite a steepening yield curve, while the markets anticipate upcoming economic reports, including nonfarm payrolls and CPI.

Stock Movements: Notable stock movements included declines in cryptocurrency-exposed stocks and energy producers, while some companies like Immunome and Bristol-Myers Squibb saw gains following positive news or upgrades from analysts.

Market Performance: Major U.S. stock indexes, including the S&P 500, Dow Jones, and Nasdaq, experienced declines today, with the S&P 500 hitting a two-week low due to concerns over AI spending and falling energy prices.

Economic Outlook: Dovish comments from Federal Reserve officials and expectations of supportive U.S. economic data this week are providing some support for stocks, despite mixed economic indicators such as a contraction in the Empire manufacturing survey.

Global Economic Concerns: Weaker-than-expected economic data from China, including industrial production and retail sales, raises concerns about global growth prospects, contributing to market volatility.

Stock Movements: Notable stock movements include KLA Corp rising over 3% after an upgrade, while cryptocurrency-related stocks and energy producers are facing significant declines due to falling Bitcoin prices and crude oil prices, respectively.