Wall Street had a busy week, with Trump’s Greenland decision, solid economic data, Davos meetings, and Q4 earnings reports. Small-cap stocks are leading while S&P 500 and Nasdaq are slightly down. A massive winter storm is expected to impact 200 million Americans, with snowfalls up to two feet and wind chills as low as -50 degrees Fahrenheit.
Natural gas prices are soaring to $4.90 per MMbtu, up 58% in a week. Freezing temps cause shortages, impacting gas lines and LNG. The U.S. faces an energy supply shortage due to Russian gas embargoes. Oilfield services provider SLB Corp beats Q4 estimates, with earnings of 78 cents per share and $9.75 billion in revenues.
The market anticipates a big storm impacting travel this weekend. Economic data includes Consumer Sentiment, PMI figures, and the Fed meeting next week. PPI numbers for wholesale inflation and Q4 earnings reports from major tech companies like Apple, Microsoft, and Amazon are also expected next week.
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Read more at Nasdaq: Major Tech Earnings Ahead | Nasdaq
