Global Market Square
The U.S. Stock market ended the session Tuesday with losses across the board. The market suffers from “Stimulitis Chronicus,” a condition caused when Congress does not approve the New Stimulus fast enough; also, investors are getting ready for several key corporate earnings reports that could sway the markets.
One of them being Microsoft (MSFT), which reported earnings of $43.1 billion, and net income of $15.5 billion, a 33% increase. These results gave us a detailed view of how the pandemic allowed the company to raise its revenues in the double digits in the fourth quarter of 2020. The outsized gains include PC and Xbox sales, as well as in more than expected cloud service. Microsoft revenue rose 17% and its stock closed at $242.55, up $13.02, or 5.67%.
Wall Street summary for January 26, 2021:
- The Dow Jones Industrial Average closed at 30,937.04, down 22.96 points, or 0.07%.
- The Standard & Poor’s 500 closed at 3,849.62, down 5.74 points, or 0.15%.
- The Nasdaq Composite Index closed at 13,626.6, down 9.93 points, or 0.07%.
- The Birling Capital Puerto Rico Stock Index closed at 2,112.66, down 49.41 points, or 2.29%.
- The U.S. Treasury 10-year note closed at 1.05%
- The U.S. Treasury 2-year note closed at 0.11%