The stock market saw a slight dip on Monday, January 30th, as traders prepare for a busy week of earnings and the Federal Reserve’s rate decision.
The Dow Jones Industrial Average was down 0.3% as of 9:30 a.m. ET, with the S&P 500 and Nasdaq Composite both down 0.2%. The Nasdaq Composite is still up for the fourth straight week, setting a record high on Friday.
The Fear & Greed Index remains in the ‘Greed’ zone, indicating that investors are feeling optimistic despite the slight dip in the market.
This week will be a busy one for the stock market, with a number of tech companies reporting earnings and the Federal Reserve meeting to decide whether to raise interest rates.
Investors should be aware of five things before the market opens on Monday:
1. The Federal Reserve will meet on Tuesday and Wednesday to decide whether to raise interest rates.
2. A number of tech companies, including Apple, Microsoft, and Amazon, are set to report their earnings this week.
3. The S&P 500 is still up for the fourth straight week, despite the slight dip on Monday.
4. The Fear & Greed Index remains in the ‘Greed’ zone, indicating that investors are feeling optimistic.
5. The Nasdaq Composite set a record high on Friday, and is up for the fourth straight week.
With a host of tech earnings and the Federal Reserve meeting this week, investors should keep an eye on the market for any changes.