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Breakfast Bites - Bank of Japan Holds Steady; Hints at April

China may support stock market; European earnings lackluster; US Earnings weigh on the Dow

Author

Ayesha Tariq
January 23, 2024

Rise and shine everyone.

US Equity Futures are flat this morning after hitting yet another high yesterday. We saw some of the small caps catch up as well. Earnings are out this morning from major DJIA holding companies. It’s a mixed picture, but this could weigh on the Dow.

Bitcoin is crashing, for lack of a better term - down over -6% in the last two days. It is now trading at 38,922. Oil is pulling back this morning, Gold is marginally higher and the US Dollar is flat. Yields are higher across the curve. We have a 2-year US Treasury auction later today. D.R. Horton missed earnings this morning, so watch out for pressure on homebuilders. Netflix reports after the close.

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