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Stocks Mixed-to-Flat as Markets Await Inflation Signals

EQUITIES
  • Wall Street indices traded mixed Monday, with none of the major indices moving with much conviction. The S&P500 slipped into minor negative territory, but managed to trade wholly inside the Friday range. In futures space, this translated to price action holding above the key support at the 4440 200-dma.
  • Communication services names were again an underperformer, making up the worst performing sector in the index thanks to another slide in Meta's (Facebook) share price. The company shed another 4.5%, adding to last week's historic slide and putting the price at the lowest level since mid-2020.
  • Earnings season has begun to wind down, with 9% of the S&P 500 due to report across the week beginning Feb 7th. Highlights include Amgen, Pfizer, Walt Disney, Coca-Cola and the ratings agencies Moody's and S&P Global.
  • Healthcare and consumer staples make up the bulk of earnings, with Thursday the busiest session for the index.
  • Full earnings schedule with timings, EPS & revenue expectations here: https://marketnews.com/mni-us-earnings-schedule-qu...

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