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Evening Market Recap - Monday, 24-January
24th January 2022 • FactSet Evening Market Recap • Factset
00:00:00 00:04:50

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US equities finished higher in Monday trading, digging their way out of a hole that at one point saw the S&P 500 move firmly into correction territory. Market staged a significant rebound from its morning lows, which saw S&P was on track for its worst day since April 2020 and was down more than 10% from its 3-Jan closing record. This week's FOMC meeting expected to set the stage for March liftoff. While it is still very early (only 13% of S&P 500 has reported), earnings season has failed to provide the cushion for the market that some had expected. Defense Secretary Austin put 8,500 US troops on high alert for possible deployment to Eastern Europe in preparation for a possible Russian invasion of Ukraine.