136738"US Stocks Book Weekly Gain, Nasdaq Lands Fresh High"1/22/2021 9:05:22 PM"Wall Street closed little changed for the second straight session with the Nasdaq eking out a profit and booking a new high, as earnings season continues with mixed results. On the corporate side, shares of IBM sank nearly 10% after the company disappointed analysts’ sales expectations, linking four consecutive quarters of revenue declines. Also, Intel shares dropped 9% despite releasing better-than-expected earnings. On the policy side, a growing number of Republicans have expressed doubts over the need for another stimulus bill, while a Senate committee supported Janet Yellen’s as Biden’s Treasury secretary. The Dow Jones shed 179 points or 0.6% to 30,997. The S&P 500 lost 12 points or 0.3% to 3842. The Nasdaq edged up 12 points or 0.1% to 13,543. During the week, the Dow Jones increased 0.6%, the S&P 500 2.0% and the Nasdaq 4.2%."United StatesStock MarketINDU/united-states/stock-market
136728US Crude Inventories Jump for 1st Time in 6 Weeks1/22/2021 4:04:00 PM"US crude oil inventories jumped by 4.351 million barrels in the week ended January 15th, 2021, the first increase in six weeks and compared to market forecasts of a 1.167 million fall, according to the EIA Petroleum Status Report. Meantime, gasoline inventories decreased by 0.26 million barrels, while markets had forecast 2.771 million increase."United StatesCrude Oil Stocks ChangeUNITEDSTACRUOILSTOCH/united-states/crude-oil-stocks-change
136723US Existing Home Sales Rebound1/22/2021 3:06:00 PM"Sales of previously owned houses in the US increased 0.7% from the previous month to 6.76 million units in December of 2020, beating market forecasts of 6.55 million. The median existing-home price was $309,800, up 12.9% yoy. Total housing inventory totaled 1.07 million units, down 16.4% from November and down 23% from one year ago. Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace. Considering full 2020, existing-home sales reached 5.64 million, the highest level since 2006. ""This momentum is likely to carry into the new year, with more buyers expected to enter the market. Although mortgage rates are projected to increase, they will continue to hover near record lows at around 3%. Moreover, expect economic conditions to improve with additional stimulus forthcoming and vaccine distribution already underway"", said Lawrence Yun, NAR's chief economist."United StatesExisting Home SalesUNITEDSTAEXIHOMSAL/united-states/existing-home-sales
136721US Private Sector Activity Rises Sharply1/22/2021 2:59:51 PM"The IHS Markit US Composite PMI climbed to 58 in January 2021 from 55.3 in the previous month, a preliminary estimate showed. The private sector seemed to regain growth momentum at the start of 2021, as the pace of increase quickened to the second-fastest since March 2015. At the same time, private sector businesses signalled another monthly increase in new business and a renewed and solid rise in new export orders during January. Backlogs of work stagnated as the rate of job creation eased to only a modest pace. Meanwhile, inflationary pressures intensified as supplier delays and shortages pushed input prices higher. Private sector business confidence picked up in January, on hopes that the vaccine rollout will be a success and business conditions will improve by the second half of 2021."United StatesComposite PMIUNITEDSTACOMPMI/united-states/composite-pmi
136720US Service Sector Growth Accelerates to 2-Month High1/22/2021 2:52:54 PM"The IHS Markit US Services PMI rose to a two-month high of 57.5 in January 2021 from 54.8 in the previous month, beating market expectations of 53.6, a preliminary estimate showed. The rate of expansion was the second-sharpest since March 2015 and steep overall. That said, the pace of new business growth softened at the start of 2021 as restrictions placed on firms due to the ongoing coronavirus disease pandemic dampened demand. The upturn was solid, however, with new business from abroad returning to growth. In line with a fractional reduction in backlogs of work, the pace of job creation eased across the service sector. Business optimism improved, however, as firms hoped for a speedy vaccine roll-out and a reduction in restrictions on movement."United StatesServices PMIUNITEDSTASERPMI/united-states/services-pmi