Good evening.
Markets bounce, earnings season is underway, and a volatile January comes to a close.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks climbed on Monday but closed out their worst month since March 2020.
The S&P 500 fell 5.3% in January as investors wrestle with the question of how higher interest rates will affect equity valuations.
Markets have bounced in recent days amid a solid earnings season. Amazon, Alphabet, and Meta will report their results this week.
Some investors are afraid that a weak January could mean further weakness in markets throughout 2022.
The crypto market finished higher on Monday, with Bitcoin trading near $38.5k, ending the last day of January on a positive note.
Catch Up
Five stocks (Apple, Microsoft, Amazon, Meta, and Google) account for 25% of the market cap of the S&P 500.
U.S. lawmakers traded an estimated $355 million of stock last year.
The hit game Wordle has been purchased by the New York Times for a price "in the low seven figures," the company said.