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Market Wrap: pre-opening session |
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U.S. market futures edge lower, failing to rebound after U.S. stocks encountered a sell-off on Tuesday, their first trading day of this week, with the S&P 500 dropping 143 points (-2.06%) to 6,796, and the Nasdaq 100 sliding 541 points (-2.12%) to 24,987.
The Dow Jones fell 870 points (-1.76%) to 48,488.
Those three indices had their worst day since October 10.
Investors were concerned over geopolitical uncertainties brought by U.S. President Donald Trump announcing higher tariffs against eight European countries in relation to U.S. intention of acquiring Greenland.
Today, Donald Trump is expected to speak at the World Economic Forum in Davos.
Also, Japanese government bonds plunged, sending yields to record-high levels, and adding to investors’ concerns. Japanese Prime Minister Sanae Takaichi officially called for a snap election, having an agenda of implementing stimulus policies including cutting sales tax on food.
On the stat front in the U.S. pending home sales are seen up 1.4% in December on a monthly basis after +3.3% in November.
In Canada, producer price index is estimated to be up 5.9% year-on-year in December after +6.1% in November.
European indices remain under pressure. On the stat side, U.K. inflation rate increased to 3.4% in December on a yearly basis, more than expected, from 3.2% a month earlier.
Asian indices were mixed.
WTI crude oil futures consolidate around 60.00 dollars.
Gold and silver continue to hit new all-time highs on safe-haven assets rally.
Bitcoin attempts to stabilize around 89,000 dollars after falling more than 4% yesterday.
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Netflix (NFLX), a video streaming service, a video streaming giant, drops as full-year 2026 operating margin guidance disappointed investors, while costs related to the acquisition of Warner Bros. Discovery’s assets are expected to weigh on results. In addition, Netflix said it would suspend share buybacks to support the transaction. However, quarterly financial results came in slightly better than expected.
Johnson & Johnson (JNJ), a health care products giant, loses ground on profit taking as quarterly financial figures marginally topped expectations.
United Airlines (UAL), an airline, pops on strong guidance for first-quarter and annual adjusted profits.
Halliburton (HAL), an oil and gas services company, gains ground as quarterly financial figures beat estimates.
Kraft Heinz (KHC), a food and beverage manufacturer, is badly oriented as Berkshire Hathaway (BRK/B) might sell its 27.5% stake in the company, according to a filing.
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Procter & Gamble (PG)
GE Aerospace (GE)
Intel (INTC)
Abbott Laboratories (ABT)
Intuitive Surgical (ISRG)
Capital One Financial (COF)
Freeport-McMoran (FCX)
CSX (CSX)
Northern Trust (NTRS)
McCormick (MKC)
Alcoa (AA)
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On Wednesday, January 21, 2026, the Canadian market bounced back from Tuesday's pullback, as global geopolitical tensions eased. The S&P/TSX Composite Index rose 0.31% (101.25 points) to close at 32,851.53 points, while the S&P/TSX 60 Index gained approximately 0.37% to finish at 1,903.48 points.
Lundin Mining (LUN), a mining company, said it achieved guidance on all metals for 2025 on a consolidated basis. The company added that updated three-year production guidance remains in line with previous 2026 and 2027 guidance.
Aris Mining (ARIS), a mining company, unveiled 2025 gold production of 256,503 ounces, exceeding the guidance midpoint (230,000-275,000 ounces). The company expects gold production in 2026 to range between 300,000 and 350,000 ounces,
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