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5 things to know before the stock market opens Monday

24.01.2022

The Dow was down 3.09% to 33,205 at the end of the day. The NASDAQ fell 4.56% to 13,141 while the 52 fell 4.56%. The S&P fell by 3.82% to 4,230, a drop of 3.82%. The U.S. has the highest number of deaths and coronaviruses in the world, reporting a total of 71,925, 930 cases with around 889,190 deaths. India reported a total of 39,543, 320 cases and 489,890 deaths, while Brazil reported over 24,044, 430 COVID 19 cases with 623,140 deaths. There were more than 5,615, 440 deaths of COVID 19 worldwide, with more than 5,622,362, 830 cases of COVID 19 in total.

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Consumer staples shares fell by just 1.7% on Monday. Unilever PLC NYSE: UL was up 7% and BellRing Brands, Inc. NYSE: BRBR was up 3%.

Halliburton posted quarterly earnings of $0.36 per share, beating analysts estimates of $0.34 per share. The company's quarterly revenue came in at $4.28 billion, compared to expectations of $4.09 billion.

Halliburton raised its quarterly dividend from $0.045 to $0.12 per share.

Exterran Corporation NYSE: EXTN shares went up 49% to $4.4791 after the company said it would merge with Enerflex to create a premier integrated global provider of energy infrastructure.

The shares of Kohl's Corporation NYSE: KSS went up 31% to $61.38 after media reports indicated that multiple funds are interested in acquiring the company.

Adtalem Global Education Inc. NYSE: ATGE shares went up 11% to $30.83. Adtalem Global Education agreed to sell its Financial Services segment, including ACAMS Association of Certified Anti-Money Laundering Specialists and Becker Professional Education and OnCourse Learning, to a consortium of Wendel Group and Colibri Group in an all-cash transaction for $1 billion.

Yoshitsu Co. Ltd NASDAQ: TKLF shares fell 79% to $6.17, as stocks continued to sell off in anticipation of Fed policy tightening in 2022.

OneSmart International Education Group Limited NYSE: ONE was down 42% to $2.25 due to the effectiveness of the change from ADS ratio from 1: 40 to 1: 1000.

OPKO Health, Inc. NASDAQ: OPK fell 24% to $3.2150. The FDA released a Complete Response Letter CRL to Pfizer and OPKO Health's somatrogon.

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Oil traded down 3.3% to $82.30 in commodity news, while gold traded up 0.2% to $1,836. The price of silver was down 2.4% Monday to $23.745, while the price of copper fell 2.8% to $4.3985.

European shares were lower today. The eurozone's STOXX 600 dropped 3.81%, London's FTSE 100 fell 2.63%, while Spain's IBEX 35 Index fell 3.2%. The German DAX fell 3.80%, the French CAC 40 fell 3.97% and Italy's MIB Index fell 4.02%.

The PMI of the IHS Markit Eurozone fell to 51.2 in January from 53.1 in the previous month, while manufacturing PMI rose to 59 from 58. In January, the IHS Markit France manufacturing PMI fell to 55.5 from 55.6 in December, while services PMI fell to 53.1 in January.

In January, IHS Markit Germany manufacturing PMI rose to 60.5, while services PMI went up to 52.2. The PMI of IHS Markit CIPS UK Services fell to 53.3 in January from 53.6 a month ago, while manufacturing PMI fell to 56.9 from 57.9.

The Chicago Fed National Activity Index fell to - 0.15 in December versus a revised reading of 0.44 in the earlier month.

In January, the PMI of IHS Markit Services fell to 50.9 from 57.6 in the previous month, while manufacturing PMI fell to 55 in January from 56.7 in December.

The Treasury will auction 2 year notes at 1: 00 p.m.