Overnight Market Brief – 14 February 2022
Surging inflation has caused consumer sentiment to slump, and now economists are watching consumer spending closely. That means January’s retail sales will also be important when it is reported Wednesday. Under Armour Inc dropped -12.5% in the S&P500, Nike dropped -3.2% and Salesforce -4.5% in the Dow. Energy stocks moves higher alongside the price of oil, with Diamondback Energy rising nearly +4% and Devon Energy adding +3.6%.