January 10, 2022
Weekly market report – 10 Jan 2022
Markets started the year on a sour note as the S&P fell over 2%, Nasdaq was down by around 5%, and Dow Jones was nearly negative, around the 0.9% mark. Growth sectors such as the technology and the discretionary sectors did not perform up to par, while value sectors such as energies and financial services sectors held up for the week. Furthermore, Mega cap technology stocks like Netflix, Microsoft, and Alphabet were down between 6% to 10% last week.