On Wednesday, the 22nd of January 2020, US stocks wrapped up the day mostly dithered, while gains of technology shares prodded the tech-heavy Nasdaq to lead the charges on Wednesday’s (January 22nd) market. Apart from that, both US and EU luxury stocks remained vulnerable following an outbreak of coronavirus in China, world’s largest luxury goods’ market with a market share of 35 per cent, however, a robust gain of IBM on Wednesday’s (January 22nd) Wall St.
had eased worries of a China coronavirus outlook which analysts said had still been spreading across the far-eastern part of Asia. Meanwhile, adding that the investors had been holding their horses for earnings’ reports, a chief investment strategist at Inverness Counsel in NY, Tim Ghriskey said on Wednesday’s (January 22nd) Wall St.
closure, “The markets’ had a big run, that’s made some investors a bit skittish, cautious. So, we’re not seeing a really strong day. Earnings season is always volatile and unpredictable. Every new earnings report that gets released is another piece of the puzzle.
” Citing statistics, on Wednesday’s (January 22nd) market round off, the trade-sensitive Dow shed 0.03 per cent to 29,186.41, S&P 500 added 0.03 per cent to 3,321.77, while the tech-heavy Nasdaq soared 0.14 per cent to 9,383.77.