Well, 2022 didn’t start the way a lot of traders had hoped, I imagine. Stocks fell on Friday to end a rough first trading week of the year, as rising interest rates battered tech shares. The NASDAQ dropped -0.96% to close at 14,935.90. The S&P 500 fell -0.41% to 4,677.03, and the DOW lost 4.81 points or -0.01% to close at 36,231.66.
On a weekly level, the NASDAQ posted its worst week since February 2021, down -4.53% in the first five trading days of 2022. The S&P 500 was off by -1.8%, while the DOW lost only -0.29% as traders rotated out of tech and into some value stocks amid the rising rates.
Key Levels To Watch Next Week:
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
Source: https://www.ino.com/blog/2022/01/2022-starts-off-with-a-thud/
